Peterborough Police Receiving a Continuation In Reports of Cryptocurrency Scams

Peterborough Police Service continue to receive calls and reports about cryptocurrency scams surfacing in the Peterborough area announced on Tuesday. 

File Photo.

A bitcoin scam involving a fraudster, asks the victim to make a payment with bitcoin. The victim had sent several thousand dollars before realizing it was a scam.  

Police say that cryptocurrency scams are becoming a more common fraudster tool.

According to the Canadian Anti-Fraud Centre, victims lost a total of $125.8 million when cryptocurrency was used as the payment method last year.

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