The Nova Scotia Securities Commission is warning residents of a crypto scam, which it says is often cruelly referred to as a “pig butchering” scheme.
The commission said in a Monday morning release that the scam is causing “individual losses of hundreds of thousands of dollars,” across Canada and the U.S. It’s estimated more than $1 billion has been lost to these scams in North America since 2021.
According to the release, the scam starts with an unsolicited message over text, email or social media, or when a victim clicks on a crypto trading ad online.
The victim is then often asked to communicate through another messaging platform, such as WhatsApp, Telegram or SMS, which “make tracing the scammer difficult, if not impossible,” the province said.
Global’s Alicia Draus has more on how the scams work and what you can do to avoid becoming a victim.
For more info, please go to https://globalnews.ca/news/9396271/nova-scotia-securities-commission-crypto-scam/
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24 Comments
Delete Facebook it’s full of scams
How long until there is a comment here with 26 replies telling you not to miss a great investment opportunity? (The 26 replies are actually all sock puppet accounts from one guy.)
😂
If you are stupid enough to play in the crypto sphere you deserve to go broke.
All FTX funds were were recovered it just wasn't by the investors.
Cant wait for the day when it gets so bad that people will finally be forced to walk away from the screens lol. It's happening in large numbers already. Too many ads, too much desperation and above all way to many peo
I hate to say I told you so. But I'm gonna anyway.
LOL the guy with the black hoodie and the sunglasses
How do you get to hell?
Very simple: claim that you're innocent.
How do you get to heaven?
Very simple: Admit that you're not Innocent, you're guilty and ask for mercy.
How to know if you're guilty or not?
Simply: Compare your life to the Ten Commandments God gave you in the Bible.
Everyone agrees that if people followed the ten commandments there would be no need for governments or police.
Do not lie.
Do not steal.
Do not commit adultery.
Do not insult God by using his name as a cuss word.
There are six more but let's just leave it at that.
How many lies have you told in your life?
Have you ever taken anything that didn't belong to you?
Jesus said, if you look at a women lustfully you've already committed adultery in your heart with that woman.
How many times a day do you do that?
Do you use God's name as a cuss word?
Would you do that with your own mother's name?
If you answer these questions honestly you know that you're guilty.
God can justly punish you and send you to hell.
Ask him for mercy.
His name is Jesus.
It's as simple as this, The Ten Commandments are called the moral law. You and I broke God's laws. Jesus paid the fine.
The fine is death.
Ezekiel 18:20 —
"The soul who sins shall die.
That's why Jesus had to die on the cross for our sins. This is why God is able to give us Mercy.
Option A.
You die for your own sins.
Option B.
Ask for mercy and accept that Jesus died on the cross for you
…
Crypto: The art of trading real money for monopoly money
You got what you deserved 🙂
Crypto scams? You mean like FTX? One of the biggest financial frauds in history?
Weird how the "news" media has reported almost nothing about FTX.
Was this video made because of Logan if so Oof
When you mention crypto you don't have to mention that it is a scam, we all know it's a scam at this point or we've lost all our money to it.
750 thousand 😱
Wa….wa…wa.
A fool and their money are soon parted.
Poilievre promotes Crypto……Highly irresponsible I say. I have no understanding of it and most people who invest in it know no more than me I’m sure.
Poilievre wants to make Canada the blockchain and crypto capital of the world. Bad idea to be promoting this at the expense of our Canadian dollar and the stability of our financial system. This is the kind of loose talk that get people hurt.
You deserve to be scammed if you are dumb enough to fall for "online" currencies instead of real money.
The people attracted to crypto tend to not trust governments or banks. They trust their crypto bro's.
👆👆👆👆if you have been scammed before he is a pure genius he will definitely help you get who is behind the act and he will bring down the account and also get back your money for you__…
👆👆👆👆if you have been scammed before he is a pure genius he will definitely help you get who is behind the act and he will bring down the account and also get back your money for you.__\
👆👆👆👆if you have been scammed before he is a pure genius he will definitely help you get who is behind the act and he will bring down the account and also get back your money for you__
👆👆👆👆if you have been scammed before he is a pure genius he will definitely help you get who is behind the act and he will bring down the account and also get back your money for you_..