Canadian crypto investors are urged not to share financial matters on social media and store financial data in secure locations.
A Canadian law enforcement agency has alerted the public about an alarming trend of home burglaries, targeting individuals holding significant crypto investments.
The Royal Canadian Mounted Police (RCMP) stationed in Richmond made the cautionary announcement on July 19th.
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According to the RCMP, over the past year, the police observed a pattern of remarkably similar robberies, all focusing on cryptocurrency investors.
Staff Sergeant Gene Hsieh from the Richmond RCMP Major Crime Unit highlighted this rising issue, expressing his concern that malicious actors target "victims for cryptocurrency." Therefore, Hsieh found it necessary to alert the public to this worrying safety concern.
Despite the alert, the RCMP did not share extensive specifics about the incidents. Without getting into too much detail, Hseih stated:
The suspects gain access to a victim’s home by posing as delivery people or persons of authority. Once let inside the home, the suspects rob the victims of information that gives access to their cryptocurrency accounts.
The perpetrators, according to Staff Sergeant Jill Long from the Delta Police Investigative Services, seem to possess intricate knowledge about their victims. They are aware not only of their victims' substantial cryptocurrency investments but also of their residential addresses.
The law enforcement department confirmed an arrest linked to these incidents but refrained from stating whether the multiple incidents are interconnected.
The police offered several preventive measures to the public in order to deter such home invasions. Their guidance included keeping the house inaccessible to unfamiliar individuals, even those posing as delivery personnel, and instead, requesting that packages be left outside.
Law enforcement urged the public to contact authorities if they sense imminent danger. It was further recommended that valuable items and financial data should be stored in secure locations like safety boxes within the home.
In a broader sense, the police also advised the public to discuss financial matters privately and only with trustworthy individuals, refraining from sharing such sensitive information on social media.
The escalating trend of home robberies targeting cryptocurrency investors in Canada reinforces the need for crypto holders to maintain utmost discretion about their investments and ensure the security of their personal information.
Canadian police is not the only institution warning investors about crypto-related robberies. On July 20th, the Vermont Department of Financial Regulation issued a warning about increasing cryptocurrency investment scams on social media platforms.
