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Ontario man scammed out of $55,000 in cryptocurrency gets money back after extremely rare recovery

Ontario man scammed out of $55,000 in cryptocurrency gets money back after extremely rare recovery

CTV
Wednesday, February 09, 2022 04:01:42 AM UTC

An Ontario investor who lost $55,000 in cryptocurrency funds said he can't believe his good fortune after getting his stolen money back.

"It's a million to one. I'm certainly the luckiest guy in Ontario," Oshawa, Ont. man Allan Jones told CTV News Toronto.

Durham Regional Police said recovering stolen cryptocurrency is extremely rare and they believe it's only the second investigation in Ontario that has resulted in the recovery of funds.

"I think Mr. Jones was very fortunate and lucky," Det.-Const. Taryn Snow with Durham Police’s Financial Crimes Unit said.

Jones said he became interested in cryptocurrencies and last summer bought almost one bitcoin for $55,000. Once he had the cryptocurrency, he went online to download software to manage it. 

Read full story on CTV
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