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Cryptocurrency scam warning from police

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Windsor police are warning the public about cryptocurrency scams in the community.

The Financial Crimes Unit has received a growing number of reports about cryptocurrency scams.

Police say when dealing in crypto, always take the following precautions:

  • Do not trust any promise of guaranteed profit. Crypto investments always carry risk.
  • Research carefully before investing. Fraudsters often pose as legitimate “crypto managers” and run ads with fake celebrity endorsements.
  • Verify who you’re speaking with. The CRA and other government agencies will never request or accept payment via crypto.
  • Understand that transactions are final. Once Bitcoin is sent through a Bitcoin ATM, the transaction cannot be reversed or refunded.

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