Cryptocurrency scams have plagued Canada for the last couple of years. The post-pandemic time replaced many activities in the online dimension. This shift gave many opportunities for scammers to steal money.
Cryptocurrency, Trading, Investments, and Pyramid Schemes are a trend for quick and efficient income. There are dozens of stories about people who made a fortune due to a successful investment. Scammers abuse these stories and make people believe that they can get profit quickly and effortlessly.
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Common online-scam methods
Scammers use fake trading platforms to lure out money. Usually, these platforms are well-developed clones of the original websites. The design, functions, and even trading charts look legit. The only thing that may differ is the contact information. Therefore, make sure to contact a platform before making any investments.
Scammers spread the information about their fake platforms via social media. Usually, the ads promise quick income with a low initial investment. In addition, scammers may add a relation to a celebrity to increase the legitimacy of the platform. If something looks too good to be true, in most cases it is.
If a person takes the bait, scammers start to work with them. At first, everything looks authentic. A client makes the first deposit, sees how the account funds grow, and may even get some money back. Yet, when scammers receive enough money, they cut the contact and disappear.
Fake mobile applications are another way of scamming money. Scammers know the loophole in Google’s services policy and abuse it to steal money. Google reacts too slowly to delete harmful applications from the marketplace before they steal money. And even if Google manages to do so, there are dozens of new scamming pieces of software.
Usually, these applications promote themselves as powerful algorithms that can earn money for you automatically. The only thing a user should do is fund the trading account. Money disappears right after that action, and the application is deleted soon after.
What to do if you become a victim of a scam?
The biggest issue with cryptocurrency scams and platforms is that money usually goes overseas. Once a transaction leaves Canada, it becomes impossible to investigate it by the local authorities. The only hope to return the money is to address the issue with the partner law enforcement organizations like Refundsics.
Therefore, it is important to report the scam as soon as possible. In 2021, Candanian lost to investment scams approximately $140 million. Yet, this number goes only from the official report. The real amount of stolen money is far greater because only 13% of victims report online scams.
Scammers can deceive anyone. They improve their methods and tricks every day. Even if you are aware and cautious, you still may become a victim of a scam. You should not feel ashamed of it but take action as soon as possible.
You need to report a scam to the Refundsics Investigation service. Report a scam https://refundsics.com/. Gather as much evidence as you can. It can be the history of transactions, correspondence logs, etc. Specialists of the service provide you with the consultation and the necessary steps to take further. The sooner the scam is reported, the more chances to retrieve your money legally.
Refundsics is a legal law firm that can help you get your money back. The company works all over the world and specializes in online scams. If you become a victim of a crypto investment scam, Refundsics will help get your money back. Your evidence will be put to good use, and your money will be retrieved in a short time.
