BCSC uncovers widespread crypto fraud operation
Investigators identified and contacted 89 individuals by telephone or email after locating compromised wallets on the Ethereum blockchain. The BCSC noted that these efforts are part of a shift in strategy, as traditional enforcement methods are often ineffective against scammers operating from outside Canada.
“Our traditional method of investigating, prosecuting and sanctioning won’t work for these scammers, who are often organized crime groups operating in other countries, largely beyond our reach,” said Lori Chambers, BCSC deputy director of enforcement.
“So we’re finding new ways to disrupt their activity. One way is proactively alerting victims, often while the con is still unfolding…
