A man from Guelph, Ontario, lost over $180,000 in a cryptocurrency scam after being contacted by someone impersonating a friend. Police reported that the victim was convinced to invest in a fraudulent cryptocurrency platform, transferring significant funds over time. The scammer gained the victim's trust by creating a fake profile and maintaining regular communication. After realizing the scam, the victim reported the incident to authorities. Police warn residents to be cautious about online communications, verify the identity of individuals asking for money, and research investment opportunities thoroughly to avoid falling victim to similar scams.