Canada’s York Regional Police Warn Against Bitcoin Tax Scam

Canada's York Regional Police have warned citizens against a Bitcoin tax scam after fraudsters victimized more than 40 residents in the area. The perpetrators claimed to be employees of the Canada Revenue Agency (CRA).

They allegedly issued threats of possible arrest for unpaid taxes if the victims failed to send funds through Bitcoin automated teller machines (ATM).

According to York Police Detective Rob Vingerhoets, the victims lost a total of up to CA$340,000 ($267,000) in the scam.