Crypto scams are on the rise!

Released: March 19, 2025 at 2:58 a.m.

Fraudsters are using fake investment platforms, remote access scams, and QR codes to steal your money. Learn how to protect yourself before it’s too late.

Protect yourself from fraud:

  • A "friend" you met online is still a stranger—don’t take financial advice from them.
  • Never let someone remotely access your computer or phone to “help” set up a crypto account.
  • Once you send cryptocurrency, it cannot be reversed or recovered—there’s no bank to help.
  • Be cautious when scanning QR codes; fraudsters use them to redirect funds or install malware on your device.

Read more about how Crypto scams work here.

Crypto transactions are irreversible, anonymous, and largely unregulated. If something sounds too good to be true, it probably is. For more information on fraud prevention, visit the Canadian Anti-Fraud Centre.

Each week in March, the Free Press Community Review is running stories from the Winnipeg Police Service Financial Crimes Unit to help you recognize, report and reject fraud. Follow along throughout the month to learn about common types of fraud and how you can protect yourself.

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