Vancour warns to ‘Be Careful’ of Bitcoin Scammers Impersonating As Revenue Agency Agents

• The scammers trick their victims into believing that they are from Canada’s revenue department.
• A 19-year-old Bitcoin holder had lost $13,000 worth of Bitcoin in a single day when he was manipulated by the fraudsters to deposit the total money in three different deposits.

This was the concern shared by a shopkeeper, James Kwim, in Vancouver in Canada. He has warned against potential scams against the victims happening in the Bitcoin ATMs in Canada’s British Columbia.

The scammers trick their victims into believing that they are from Canada’s revenue department, and they make the victims believe that they are the agents working under it, the Shopkeeper expressed distress on this matter. The scammers ask their victims to send or save Bitcoin in the ATMs over a phone call and trick in them in doing so.

James Kwim owns a small store in Downtown, Vancouver, along with his wife. He has a Small Bitcoin ATM in his shop premises where he had witnessed at least a dozen scams after the victims had lost their Bitcoin when they were manipulated by the scammers to deposit in the ATM. Although he has managed to save a few Bitcoin holders from this pitfall, the scammed people are, however, at large.

In the previous week, a 19-year-old Bitcoin holder had lost $13,000 worth of Bitcoin in a single day when he was manipulated by the fraudsters to deposit the total money in three different deposits.

The RCMP unit of North Vancouver is under the process of investigation and solving the case, and they are tracing out any evidences to nab the scammers and return the lost Bitcoin. There are multiple signs put up guiding the people to avoid unnecessary contacts with other people who as to deposit Bitcoins in their terms. Still, people fall as victims deliberately.

Many victims have the same pattern of losing the money, and the one exclusive way includes where the Victim Dana McLeod recalls, she says she was duped and made to believe in depositing the Bitcoin in the ATM to which she said the caller was very convincing and hence she followed his steps in getting nabbed.

James Kwim also said that it is better to give complaint to the cyber police without any hesitation; the victims have also agreed to this.

Ritika Sharma

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.