Windsor police are warning the public about cryptocurrency scams in the community.
The Financial Crimes Unit has received a growing number of reports about cryptocurrency scams.
Police say when dealing in crypto, always take the following precautions:
- Do not trust any promise of guaranteed profit. Crypto investments always carry risk.
- Research carefully before investing. Fraudsters often pose as legitimate “crypto managers” and run ads with fake celebrity endorsements.
- Verify who you’re speaking with. The CRA and other government agencies will never request or accept payment via crypto.
- Understand that transactions are final. Once Bitcoin is sent through a Bitcoin ATM, the transaction cannot be reversed or refunded.
