Security· ★★· neutral·

Canadian police recover $135K of $200K lost by 78-year-old in crypto scam

  • —The pensioner gave a scammer account access and $200,000 for supposed crypto investments
  • —The fraudster sent fake profit screenshots while transferring funds to his own account
  • —Police and the bank recovered $135,000; $65,000 was sent abroad and is likely unrecoverable
Why it matters: The case shows that part of crypto scam losses can be recovered if victims quickly alert police and their bank.
Source: Bithub
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