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Globe says ASC takes aim at fake crypto "news"

2025-03-10 09:28 ET - In the News

The Globe and Mail reports in its Monday edition that scammers exploit people in times of crisis, and the trade war triggered by the U.S. this week is no exception. The Globe's Alexandra Posadzki writes that securities regulators in Alberta and New Brunswick are warning Canadians about a suspected cryptocurrency investment scam involving fake news articles circulating on social media. The articles, which were made to look like those published by legitimate news outlets such as the CBC or the Telegraph-Journal, falsely claim that prominent Canadian politicians are endorsing a digital currency investment program in response to U.S. tariffs. One of the fake articles includes a falsified transcript of an interview between New Brunswick Premier Susan Holt and veteran CBC News anchor Ian Hanomansing promoting a cryptocurrency trading platform called CanCap, according to the New Brunswick authorities. The article, made to appear as if it were on the Telegraph-Journal's website, claims that Ms. Holt is endorsing it as a provincial investment program to help New Brunswickers prevent losing income owing to the tariffs. Another article falsely claims that Prime Minister Justin Trudeau is endorsing the CanCap platform.

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