RCMP are warning the public of cryptocurrency scams and are reminding people to be extra vigilant when investing their money.
Police say they’ve received reports of scammers posing as government officials and enticing people to invest in cryptocurrency through convincing language, fake endorsements, and legitimate-looking website links.
Mounties urge the public not to click on links and instead verify that these opportunities are legitimate through official government channels.
Officers say the best way to protect yourself includes verifying suggestions from officials or celebrities by checking government websites. Avoid clicking suspicious links from emails, messages, or social media to prevent phishing.
Research thoroughly before investing in cryptocurrency or financial products, and consult a financial advisor for professional advice on finances and investments.
Cryptocurrency investment carries a heightened risk of financial loss due to the absence of third-party institutions such as banks and brokerages.
The RCMP suggests taking precautions to secure your funds and ensuring that your investment decisions are well-informed and based on reliable information.
