As we always tell on the Arab Bitcoin website, fraudsters do not hesitate to update their fraudulent tools and use all possible methods to defraud the victims, so caution must be taken.

The Royal Canadian Mounted Police has issued a warning about scammers who tricked a 34-year-old Toronto man into targeting his cryptocurrency by impersonating a representative of a Canadian government service.

The victim received a call about his Social Security number being compromised.

And that he has to take some measures to prevent that.

The situation escalates and the fraudster informs the victim that he is responsible for causing the victim’s Social Security number to be blocked.

Read:Study: British Millennials Are The Biggest Users Of Cryptocurrency In The UK

Then, the man was contacted by another scammer who tells him this time that he is a police officer who instructed him to deposit money to his bitcoin address via an ATM for safekeeping of his belongings.

To defraud the victim and show that all communications are fake led by fraudsters who are skilled in fraud and theft.

Scams on the rise in Canada:

Scammers in Canada routinely impersonate many government agencies.

The Canadian government issued a detailed warning statement last January, clarifying that it would never ask citizens to pay in Bitcoin.

Scammers mainly target immigrants, young people and the elderly.

Read:1.4 million GateHub wallet passwords and data leaked

Bitcoin is their preferred payment method as it makes it difficult to track their transactions.

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