Canada’s Crypto Scams Target Young Adults, Losses Up 40%

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple. eamesBot/ShutterStock

Losses to cryptocurrency scams have risen nationwide, but British Columbia has had a particularly large spike with scams almost tripling in one year.

B.C. residents lost a combined $24 million in crypto scams in 2022, up from $8.5 million in 2021, reported the B.C. RCMP on March 22.