Home Bitcoin News Bitcoin Scam Police: Troy residents scammed out of $44K by faux Bitcoin transactions – The Oakland Press

Police: Troy residents scammed out of $44K by faux Bitcoin transactions – The Oakland Press

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Some Troy residents lately fell prey to rip-off artists providing giant income buying and selling Bitcoin, and misplaced practically $44,000 within the rip-off, police mentioned.

In response to the Troy Police Division, the victims have been contacted by WhatsApp and Telegram about buying and selling Bitcoin, and subsequently deposited $43,944 by a number of transactions to Bitcoin web sites over a 6-week interval in November and December 2021.

Bitcoin is digital cash or “cryptocurrency” with no central financial institution or single administrator. Bitcoin could be exchanged for merchandise, providers and different forex.

The victims reportedly thought they have been making the most of their investments, however after they tried to entry their funds ran right into a roadblock: They have been informed their accounts have been frozen till they paid a 13 % service charge. At that time, they realized they’d been scammed, police mentioned.

In addition to contacting the Troy Police Division,the victims filed a criticism with the FBI Web Crime Criticism Heart, police mentioned.

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