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ZachXBT: Canada More Negligent On Crypto Fraud Than India or Nigeria
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Onchain investigator ZachXBT said he has begun turning away all fraud victims in Canada, calling the country’s law enforcement response so weak that its agencies may be “more negligent than either India or Nigeria.”
Key facts
- Expectantly, the Canadian Centre for Cyber Security’s National Cyber Threat Assessment for 2025-2026 has flagged fraud and ransomware as escalating threats to Canadians
- It gets worse because the evidence the reporter has for EX 1 is exact same type of evidence used to successfully prosecute threat actors in two other jurisdictions
- ZachXBT made the comments in a series of posts on June 13, arguing that Canadian authorities routinely fail to prosecute offenders or seize frozen assets for victims of fraud, and that domestic media
- Canadian mainstream media would not dare to report about how Toronto has grown into a top 5 hub globally for cybercriminals, and that law enforcement fails to prosecute or seize frozen assets
Summary
He called Toronto a top 5 global cybercrime hub and Canada’s agencies possibly worse than India or Nigeria. Without faster court action, ZachXBT argues, onchain evidence stalls, leaving Canadian victims little path to recovery. ZachXBT made the comments in a series of posts on June 13, arguing that Canadian authorities routinely fail to prosecute offenders or seize frozen assets for victims of fraud, and that domestic media avoid the subject, adding:.