Canadian Police Warn of 'Fake Recovery Service Scam' in Cryptocurrency Schemes

Canadian authorities have issued a warning about a growing trend in cryptocurrency scams where fraudsters pose as recovery agents, using the Royal Canadian Mounted Police (RCMP) logo to gain credibility. According to police, these scammers target victims who have already lost funds in earlier schemes, often reusing information gathered during those initial scams.

The scam typically begins with an unsolicited job offer or online message involving cryptocurrency, which lures victims into depositing funds via an ATM. After the initial loss, the same victim may receive a message from someone claiming to be a lawyer or investigator who has located 'profits' in crypto accounts linked to the victim.

Police emphasize that law enforcement does not advertise recovery services or ask for payment to retrieve lost funds. Officers urge residents to exercise caution when dealing with unsolicited messages or job offers involving cryptocurrency, and to verify the credentials of anyone claiming to be a lawyer or investigator.