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Seniors lose $600K in cryptocurrency scam, Oceanside RCMP investigating

cryptonews100_tggfrn by cryptonews100_tggfrn
July 31, 2026
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Seniors lose $600K in cryptocurrency scam, Oceanside RCMP investigating
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Oceanside RCMP are investigating after an aged couple reported shedding greater than half 1,000,000 {dollars} to a cryptocurrency rip-off.

Mounties say the cash was transferred over the previous yr by varied means after the couple fell sufferer to an internet cryptocurrency funding rip-off.

Police say the faux funding gave the impression to be “endorsed by a widely known political determine.”

Mounties say the investigation is ongoing.

“Persons are reminded to be cautious of the place they make investments and to solely use trusted and identified advisors / monetary establishments,” stated Sgt. Shane Price of the Oceanside RCMP in a press release Thursday.

The Canadian Anti-Fraud Centre says that as of June 30, it has acquired 15,107 experiences of fraud up to now this yr, ensuing in $351 million in losses.

Anybody who has been the sufferer or goal of a rip-off could make a report back to the Canadian Anti-Fraud Centre, and discover security ideas on its website.

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Adam Chan is a Digital Information Editor who joined CHEK Information in 2023. Beforehand, he labored as an Affiliate Digital Editor with CTV Information Vancouver Island and Victoria Buzz.

In 2023, he was a recipient of…
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