A new crypto recovery scam has been reported in Canada after fraudsters used the logo of the Royal Canadian Mounted Police to make their scheme appear legitimate.
The police say the case was first reported in February by a resident of Nanaimo who had lost some money through a fake online job offer. The authorities are now warning the public about the increase in the number of crypto recovery scams, a method of scam where the criminals pretend to help victims who lost their funds.
According to investigators, the whole scam process started late 2025 after the victim received an unexpected text message that promoted a work-from-home opportunity that involved crypto and stock trading.
The victim was instructed to deposit $5,000 through a crypto ATM in order to participate and stand a chance of getting the job. But as per usual for scam promotions, the hacker stopped communicating after the victim made the payments.
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Months later, the victim encountered what appeared to be an official public notice online that used RCMP branding and encouraged people to report any crypto fraud they have been exposed to.
After filling out a form, the victim received a call from a man who identified himself as “Sam Peterson,” claiming to be a crypto recovery lawyer with a Toronto firm called Helprpc.
The caller said he had discovered two cryptocurrency wallets in the victim’s name containing about $60,000 in profits and offered to help recover the funds.
However, the victim became suspicious and checked the lawyer’s credentials through the Law Society of British Columbia and the Law Society of Ontario, where no such person was registered.
Police later confirmed that the website linked to the caller was not functional and warned that the offer was part of a secondary scam designed to target people who had already lost money to crypto frauds.
Police warning about the dangers involved in crypto recovery scams
The RCMP has come out to officially state that it does not contact individuals about crypto recovery accounts, work with private companies to recover lost funds, or request any payments to investigate fraud. Any message claiming otherwise should be treated as fraudulent.
Authorities have also urged the public to be cautious of unexpected job offers received through text messages, social media, or online ads, especially those that involve cryptocurrency or require deposits through crypto ATMs.
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