Odaily News The Alberta Securities Commission (ASC) of Canada has issued an investor warning that the crypto investment project CanCap, which has been promoted on social media and the Internet recently, may involve fraud. The scam pretends to be supported by the Alberta government and uses a fake CBC news article containing a picture of Canadian Prime Minister Justin Trudeau, claiming that he supports an investment plan involving digital currency. Upon investigation, CanCap is associated with multiple suspicious websites, including ecosmartfunds.com, heepstekk.com, primeinvests.eu, muxcap.io, webtrader.springhill.top and traderboltai.com, and these platforms and related companies are not registered in Canada and have no right to provide investment transactions or advice.
The ASC stressed that CanCap has nothing to do with the legitimate financial company CanCap Group. The ASC warned that crypto scams often use well-known company names, fake celebrity endorsements, fake news reports and current economic events to create credibility, while promising high returns and low risks to attract investors. The ASC recommends that the public visit CheckFirst.ca to verify the registration information of investment companies and be wary of similar frauds.