Canada Is Closing Up Every Way That Allows Criminals to Use Bitcoin for Fraud

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Toronto police issued a warning after noticing “a significant increase” in calls from victims who report having been defrauded of thousands of dollars in this way.

The phone calls often come from fake numbers created online through technology that allows the perpetrators to change phone numbers and spoof caller IDs.

This technology makes it challenging for law enforcement to track down the numbers, but the task becomes even more difficult if the schemes operate overseas.