Home Bitcoin News Bitcoin Scam Couple loses $17K in bitcoin rip-off: Police – The London Free Press

Couple loses $17K in bitcoin rip-off: Police – The London Free Press

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St. Thomas police are urging warning after an aged couple misplaced $17,000 in a cryptocurrency rip-off.

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St. Thomas police are urging warning after an aged couple misplaced $17,000 in a cryptocurrency rip-off.

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The couple of their 80s believed they purchased $250 value of bitcoin – the most well-liked digital forex – from an England-based web site in January, police mentioned Wednesday. In April, the couple was suggested that quantity elevated to greater than $17,000.

The scammer advised them to obtain an app and insert their banking info so funds may very well be transferred again into their account. As a substitute, a number of withdrawals have been comprised of the account over a number of months.

Every time the scammers spoke with the couple, they blamed the lacking cash on “processing charges,” police mentioned.

St. Thomas police advise the general public ought to look ahead to “crimson flags” indicating suspicious behaviour on-line. “Please defend your self and your cash,” police mentioned in a launch.

Cryptocurrencies are digital belongings that use decentralized networks based mostly on blockchain know-how – a distributed ledger enforced by a disparate community of computer systems – to trace transactions.

These in search of info on circulating scams ought to go to www.antifraudcentre-centreantifraude.ca/index-eng.htm.

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