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Canadian residents fall victim to a cryptocurrency scam, with fraudsters using the Royal Canadian Mounted Police's insignia to carry out secondary fraud

A resident of Nanaimo, Canada, fell victim to a scam after receiving a text message promoting remote stock trading jobs and depositing about CAD 5,000 (approximately USD 3,600) through a cryptocurrency ATM at the end of last year. Earlier this year, the victim saw a message online disguised as an RCMP announcement encouraging fraud victims to report their cases.After submitting a form, a person claiming to be a lawyer called, stating that they had found two cryptocurrency accounts related to the victim and could help recover about USD 60,000 in so-called profits. Gary O'Brien, a media relations officer with the Nanaimo RCMP, stated that the RCMP does not contact individuals regarding discovered cryptocurrency accounts, does not collaborate 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 company BlockSec, stated that such tactics are known as "false recovery service scams" and have systematic characteristics. Scammers often possess victim information collected from the original scam, and organized fraud rings circulate lists of previously remitted victims, making these individuals targets for secondary scams.The effectiveness of impersonating law enforcement brands lies in exploiting the psychological mechanism of "authority bias." Canadian police have been conducting cryptocurrency investigation training since 2022.

The National Bureau of Statistics of China and the Infocomm Media Development Authority of Singapore signed a memorandum of cooperation to carry out collaboration on digital technologies and innovations such as blockchain

According to Zhito Finance, the National Bureau of Statistics of China, the People's Government of Chongqing, and the Infocomm Media Development Authority of Singapore jointly signed the "Memorandum of Understanding on Cooperation for the Co-construction of the Digital New Land-Sea Corridor," aiming to deepen cooperation between China and Singapore under the strategic connectivity demonstration project, jointly empowering the construction of the new land-sea corridor through digital transformation and creating a future-oriented smart economic corridor.According to the memorandum, the three parties will focus on practical cooperation in the following areas:Digital Connectivity: Under the framework of digital rules between the two sides, promote the cross-border secure and orderly flow of data through the interconnection and cooperation of digital infrastructure, and explore the construction of an efficient, convenient, and secure digital channel.Digital Technology and Innovation: Encourage and support enterprises and research institutions from both countries to carry out joint research and development and scenario application cooperation in fields such as artificial intelligence, blockchain, and big data, and share experiences and achievements in smart city construction.Digital Talent Exchange and Training: Strengthen the training of professional talents in the digital field by holding seminars, conducting skills certification, and implementing talent exchange programs, providing solid talent support for the development of the digital economy.
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