Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors

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Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors over the past year.

Wealthy Crypto Investors Become Targets in Canada

Over the last 12 months, numerous home invasions have targeted wealthy digital currency investors throughout Canada. A press release from Delta Police headquarters reveals that both Delta and Richmond’s Royal Canadian Mounted Police (RCMP) have responded to several such incidents.

“It appears someone is targeting these victims for cryptocurrency, and we believe this public warning is necessary in the interest of public safety,” staff sergeant Gene Hsieh of the Richmond RCMP Major Crime Unit stated.

Authorities have chosen not to disclose specific details, including the number of crypto assets involved. However, they did mention that “large amounts” were at stake in these cases, and investigations are currently underway. One arrest has been made, but it remains unclear whether the individual is connected to the other home invasions. In each case, the perpetrator disguised themselves as an authoritative figure or delivery person to enter the victims’ homes.

After breaking in, the suspects quickly extract information that allows them access to the victims’ cryptocurrency accounts, according to law enforcement officials. “The suspects appear to know the victims are heavily invested in cryptocurrency, know where they live, and are robbing them in their own homes,” remarked staff sergeant Jill Long of Delta Police Investigative Services.

Canadian police advise against letting delivery personnel enter your home, suggesting instead to request they leave packages outside. Additionally, they recommend keeping valuables in a safety deposit box or with a financial institution. The authorities also caution against discussing personal wealth with strangers and discourage mentioning it in public or on social media platforms.

How do you think the rise of cryptocurrency wealth is impacting personal security measures, and what precautions would you suggest to these high-value investors to protect themselves? Share your thoughts in the comments section below.