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In 2025, Calgarians lost approximately $14 million in 321 reported cryptocurrency scams. Despite these staggering losses, cryptocurrency scams are believed to be vastly underreported. Citizens of Calgary, Canada, have been targeted by at least 340 cases of scam in 2025, losing a total sum of more than $22.5 million worth of crypto, according to the According to Decrypt: Canadian citizens in Calgary, Alberta have lost over $22.5 million to crypto scams this year, marking a significant increase compared to 2025 when Canadian investors residing in Calgary, Alberta, have fallen victim to crypto scams. This has resulted in a substantial loss of $22.5 million within the current year. The Calgary police want to caution and educate the public about the red flags of cryptocurrency scams after Calgarians were swindled out of more than $22.5 million in 340 The Calgary city police service said in a report Monday that the city residents have so far lost more than $22.5 million in cryptocurrency scams, up from approximately $14

Crypto Scams Cost Calgarians Over $22.5 Million: Protect Yourself

Canadian investors, especially those residing in Calgary, Alberta, have fallen victim to a surge in cryptocurrency scams, resulting in a staggering loss of $22.5 million this year. This figure represents a significant increase compared to 2025, when Calgarians lost approximately $14 million in 321 reported cryptocurrency scams.

Calgary Crypto Scam Losses Soar

According to reports, citizens of Calgary, Canada, have been targeted by at least 340 cases of scam in 2025, losing a total sum of more than $22.5 million worth of crypto. Decrypt: Canadian citizens in Calgary, Alberta have lost over $22.5 million to crypto scams this year. The Calgary city police service said in a report Monday that the city residents have so far lost more than $22.5 million in cryptocurrency scams, up from approximately $14 million in previous periods.

Underreporting a Significant Problem

Despite these staggering losses, cryptocurrency scams are believed to be vastly underreported. Many victims are hesitant to come forward due to shame or a belief that recovering their funds is impossible. This underreporting makes it difficult to accurately assess the true scale of the problem and hinders efforts to combat these scams effectively.

Calgary Police Issue Warning

The Calgary police want to caution and educate the public about the red flags of cryptocurrency scams after Calgarians were swindled out of more than $22.5 million in 340 incidents. They urge residents to be vigilant and skeptical of investment opportunities that promise guaranteed high returns or involve pressure tactics.

How to Protect Yourself from Crypto Scams

With Canadian investors residing in Calgary, Alberta, having suffered such significant losses, it's crucial to be aware of the common tactics used by scammers. Here are some tips to protect yourself:

  • Be skeptical of unsolicited investment offers: If it sounds too good to be true, it probably is.
  • Research before investing: Thoroughly investigate any cryptocurrency project or platform before investing any money.
  • Beware of guaranteed returns: No investment can guarantee returns, especially in the volatile cryptocurrency market.
  • Never give out your private keys: Your private keys are like the password to your crypto wallet. Never share them with anyone.
  • Use reputable exchanges: Only use established and regulated cryptocurrency exchanges.
  • Report suspicious activity: If you suspect you have been targeted by a scam, report it to the authorities immediately.

By staying informed and taking precautions, you can significantly reduce your risk of becoming a victim of cryptocurrency scams. Remember, knowledge is your best defense.

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