Kitchener resident loses $22,400 in Bitcoin scam
Waterloo regional police are investigating and issuing a public warning after a Kitchener resident lost $22,400 in a Bitcoin scam.
In a media release, police said the internet fraud was reported on Tuesday May 24.
The victim said while trying to access their bank’s website, a popup appeared requesting their Social Insurance Number.
The victim provided the information and later received telephone calls from a man who said he worked with the government.
The caller said to protect their bank account, the victim needed to withdraw money from their accounts and deposit the funds at a Bitcoin ATM. The caller further told the victim not to tell anyone he worked for the government, saying he was involved in trying to catch money launderers.
The victim went to a Bitcoin ATM in a Kitchener store as instructed by the caller and deposited a total of $22,400.
They later realized they had fallen victim to a scam.
HOW TO PROTECT YOURSELF
Police are urging people to use caution when it comes to Bitcoin-related requests.
According to police, accredited businesses, government and law enforcement agencies will not:
- call you and ask for personal information while threatening to arrest you if you do not comply;
- negotiate payments over the phone; or
- accept Bitcoin as payment
CTVNews.ca Top Stories
'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.
What is whooping cough and should Canadians be concerned as Europe declares outbreak?
There is currently a whooping cough epidemic in Europe, with 10 times as many cases compared to the previous two years. While an outbreak has not been declared nationwide in Canada, whooping cough is regularly detected in the country.
Pfizer agrees to settle more than 10K lawsuits over Zantac cancer risk: Bloomberg News
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec premier defends new museum on Quebecois nation after Indigenous criticism
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
B.C. theatre to pay $55K to neurodivergent actor in discrimination case
British Columbia's human rights tribunal has awarded a neurodigergent actor, who was diagnosed with sensory and learning disorders, more than $55,000 after finding that a Kelowna theatre company discriminated against him because of his disabilities.
Who's responsible for regulating cannabis stores operating under the sovereignty banner?
It's not quite clear who is supposed to be regulating so-called sovereign cannabis stores or even ensure they're benefiting Indigenous communities.