Crypto scammers use fake news articles and the resemblance of government numbers to achieve fears of trade war, according to security regulators in the Canadian provinces of Alberta and New Brunswick.
The Alberta Securities Commission Says In a March 7 alert that a “crypto investment scam called cancap” endorsed since-prime minister Justin Trudeau through a fake news article from Canada’s national public broadcaster, the CBC.
“The fake article records that the prime minister is purportedly responding to US tariffs by endorseing an investment program involving digital currencies,” he said.
Source: Alberta Securities Commission
New Brunswick’s financial and consumer services commission on March 5 also warned That cancellation was used a fake news article It is said that New Brunswick Premier Susan Holt has endorsed the platform.
“The fake article, made to look like an article on the Telegraph-Journal’s web, claimed that the premier endorsed this ‘Provincial Investment Program’ in response to US tariff increases,” the Commission said.
It added the article with a Fake transcript In an interview that Holt was supposed to be with the CBC where he promoted cancap and featured pictures of the doctor’s doctor on his new platform.
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US president’s policies Donald Trump caused primary uncertainty For the people. His 25% tariffs in Canada, announced in February, began early this month, but he would slightly roll them back days later, then quickly threatened a 250% wood and dairy tariff.
Mark Carney Trudeau was replaced As Prime Minister on March 9 and Trump was slapped for “attacking Canadian families” with tariffs and sworn in the country to “win” a trade war.
“The uncertainty that US tariffs put in our economy brings some new brunswickers to increase anxiety and concern about their financial security, and they may be looking for other ways of income,” Commission’s Director Marissa Sollows said in a statement. “Scammers take advantage of the situation, which is seized by individuals when they are in their most vulnerable.”
Albetan and New Brunswicker Watchdog mentioned that scammers are increasingly cautious about current events to target the potential fears of victims and use artificial intelligence in fake endorsing and to generate content to give the scheme of legitimacy.
They added that scammers can quickly change the name and appearance of the scheme. They have used the names “Cancentra” and “immediate flectinium” and have linked it at least six other websites under different domains.
Global losses in crypto scams, exploitation and hacking Sum of nearly $ 1.53 billion In February, a figure mainly due to a $ 1.4 billion hack at the Crypto Exchange Bybit, according to Certik.
Apart from Bybit, February’s crypto losses reached more than $ 126 million, still a 28.5% jump out of $ 98 million lost in January.
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