Crypto Scams Soar in Canada Amidst Geopolitical Uncertainty

Canada’s securities regulator is sounding the alarm on a surge in crypto scams, attributing it to the use of sophisticated AI tools by fraudsters. The Ontario Securities Commission (OSC) reveals that scammers are leveraging deepfakes and fake trading platforms to deceive investors and steal their funds. This comes as the country faces heightened instability driven by geopolitical uncertainty, which creates an environment ripe for criminal activity.