PANews reported on March 10 that according to an investor warning issued by the Alberta Securities Commission (ASC), the recent crypto investment project CanCap promoted on social media and the Internet may involve fraud. The scam pretended to be supported by the Alberta government and used a fake CBC news article containing a picture of Canadian Prime Minister Justin Trudeau to claim that it supports an investment plan involving digital currency. Upon investigation, CanCap was associated with multiple suspicious websites, including ecosmartfunds.com, heepstekk.com, primeinvests.eu, muxcap.io, webtrader.springhill.top and traderboltai.com, and these platforms and related companies are not registered in Canada and have no right to provide investment transactions or advice. ASC emphasized that CanCap has nothing to do with the legitimate financial company CanCap Group. ASC warned that crypto scams often use well-known company names, fake celebrity endorsements, fake news reports and current economic events to create credibility, while promising high returns and low risks to attract investors. ASC recommends that the public visit CheckFirst.ca to verify the registration information of investment companies and be wary of similar fraudulent activities.