Svmuu News: A resident of Nanaimo, Canada, fell victim to a scam late last year after receiving a text message promoting remote stock trading jobs and depositing approximately 5,000 Canadian dollars (about $3,600) via a cryptocurrency ATM. Earlier this year, the victim saw an online message disguised as an RCMP announcement encouraging fraud victims to file reports. After submitting a form, a person claiming to be a lawyer called, stating that they had identified two cryptocurrency accounts linked to the victim and could help recover approximately $60,000 in alleged proceeds. Gary O’Brien, media relations officer for the Nanaimo RCMP, stated that the RCMP does not contact individuals regarding discovered cryptocurrency accounts, does not partner with private companies to recover lost funds, and does not request any form of payment to investigate fraud. Andy Zhou, co-founder and CEO of blockchain security firm BlockSec, explained that this tactic is known as a “false recovery service scam” and exhibits systematic characteristics. Scammers typically possess victim information collected during the initial fraud, and organized fraud rings circulate lists of victims who have previously sent money, making these individuals targets of secondary scams. Impersonating law enforcement agencies is effective because it exploits the psychological mechanism known as the “authority bias.” Canadian police have been conducting training on cryptocurrency investigations since 2022.