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Cryptocurrency scammers use numerous leverages to trick people into handing over their money. The basic desire for love and money are the most widespread of them. At least, that is what the Vancouver Police Department (VPD) thinks. These desires have already cost the citizens about $2 million in losses.

2020 was quite a controversial year for the cryptocurrency industry. It started with the bearish sentiment, triggering the collapse of the market. However, the second half of the year turned out to be positive for cryptocurrency, as COVID-related lockdown triggered a significant interest in it.

The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.