Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»OPP warn about cryptocurrency tracing scams
    Cryptocurrency

    OPP warn about cryptocurrency tracing scams

    April 1, 20253 Mins Read


    The Ontario Provincial Police (OPP) Cyber-Enabled Fraud Team (CEFT) is warning the public about the risks of engaging private cryptocurrency tracing companies to recover funds lost to cyber-enabled fraud due to the increase of recovery scams.

    Some cryptocurrency tracing companies are not legitimate and target individuals who have already been victims of fraud, claiming they will be able to help get their money back. They may ask for payment for their services, resulting in further losses.

    While some legitimate companies do provide cryptocurrency tracing services, it’s important to understand their limitations. These companies lack the legal authority to freeze or seize funds. Reports generated by some of these companies may not be suitable in court or at trial. Victims may face high fees for reports that ultimately direct them to seek help from law enforcement. These reports can also include inaccuracies, errors, or oversimplifications.

    It is recommended to always exercise caution and ensure thorough research before engaging in these services.

    If you’ve been a victim of cyber-enabled fraud, your first step is to report it to your local police service. The police have access to reliable cryptocurrency tracing tools designed for investigative purposes. Police must rely on law enforcement generated reports for conducting investigations.

    How to Protect Yourself

    • Beware of unexpected messages or calls. Individuals who commit fraud often reach out to victims who have publicly shared their cryptocurrency losses online or on social media platforms.
    • Be cautious of individuals who pressure you into acting quickly to recover lost cryptocurrency and who demand upfront fees.
    • Don’t provide anyone with sensitive information such as your wallet’s private key or seed phrase.
    • Be aware that some cryptocurrency tracing services appear as legitimate companies but provide false reports.

    For more information on fraud prevention, visit opp.ca/fraud and sfo.opp.ca.

    If you suspect fraudulent activity or have been a victim of fraud, report it immediately to your local police and the Canadian Anti-Fraud Centre at 1-888-495-8501 or online via the Fraud Reporting System.

    (submitted to Quinte News)

     

    Contact:

    Detective Constable Lisa Cruz or

    Detective Constable Erin Fraser                      

    Serious Fraud Office (SFO)

    SFOmedia@ontariosfo.ca 

     

     

     

    opp.ca

    Facebook/Instagram: @ontarioprovincialpolice

    X: OPP_News

    A new media release has been made by the OPP for Corporate Communications, Central Region Headquarters, Barrie, Bracebridge, Caledon, Collingwood, Dufferin, Haliburton Highlands, Huntsville, Huronia West, City of Kawartha Lakes, Northumberland, Nottawasaga, Orillia, Peterborough County, Southern Georgian Bay, East Region Headquarters, Arnprior, Bancroft, Central Hastings, Frontenac, Grenville County, Hawkesbury, Killaloe, Lanark County, Leeds County, L&A County, Ottawa, Prince Edward, Quinte West, Renfrew, Russell County, Stormont Dundas and Glengarry, Upper Ottawa Valley, Highway Safety Division Headquarters, HWY 407, Aurora, Burlington, Cambridge, Niagara, Mississauga, Toronto, Whitby, North East Region Headquarters, Almaguin Highlands – Burk’s Falls, East Algoma – Blind River, East Algoma – Elliot Lake, East Algoma – Thessalon, James Bay, James Bay – Moosonee, Kirkland Lake, Manitoulin, North Bay, Nipissing West (West Nipissing), Sault Ste. Marie, South Porcupine, Nipissing West (Sudbury), Superior East, Temiskaming, West Parry Sound, North West Region H. The release content is below. If you wish to unsubscribe from these alerts, log into the OPP News Release Portal and select “Manage Account”.

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Court acquits defendants in cryptocurrency mining case

    Cryptocurrency

    Top 5 Cloud Mining Platforms for Cryptocurrency in 2026 – Why HashBitcoin Stands Out

    Cryptocurrency

    Better Cryptocurrency to Buy Now and Hold for 10 Years: XRP vs. Bitcoin

    Cryptocurrency

    Coinbase Faces Prospect for a Challenging 2026 as Cryptocurrency Prices Fall

    Cryptocurrency

    Poland to push ahead with cryptocurrency regulation despite presidential veto: minister

    Cryptocurrency

    Understanding Merkle Roots in Cryptocurrency: Basics and Function

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    This is the best industrial metal to own for 2026, Goldman Sachs says

    Cryptocurrency

    Ontario County, New York: Embracing the Digital Currency Revolution

    Commodities

    Energy bills could be cut by £170 a year ‘under Budget plan’ by Rachel Reeves

    Editors Picks

    Beware doctored photo, WeChat group promoting bogus China investments: Low Yen Ling, Temasek

    May 11, 2025

    Which Cryptocurrency Sectors Are Hot — and Which Are Not

    March 14, 2025

    Le président de Zhejiang China Commodities City démissionne

    June 27, 2025

    BRICS Officially Adopts Cryptocurrency for Investments

    October 18, 2024
    What's Hot

    “Un sentiment de bonheur, de plaisir !” : le groupe Gold en concert en Aveyron, là où tout a commencé

    April 14, 2025

    Pensioners in Walsall see energy bills ‘quadruple overnight’

    December 4, 2025

    Girls’ Generation’s YoonA reportedly $11 million richer due to real estate investments

    July 13, 2024
    Our Picks

    Cryptocurrency Market Size to Surpass USD 5,552.8 Billion

    October 15, 2024

    Property valuation – Newspaper – DAWN.COM

    October 31, 2024

    Schools collect over two tonnes of used cooking oil in Sabah contest

    October 27, 2025
    Weekly Top

    Premium Bonds – Three winners scoop £50,000 in County Durham

    February 16, 2026

    Can data center deal power 2026? By Investing.com

    February 16, 2026

    Silver Price Analysis – Silver Lacks Volume on Monday as Americans Away

    February 16, 2026
    Editor's Pick

    US green property-linked finance model for global growth

    September 23, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – FRACTRADE, Terraport, Locked Money

    February 17, 2025

    Elanor Commercial Property Fund annonce la distribution du quatrième trimestre fiscal

    June 22, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.