November 29, 2023

Some Troy residents recently fell prey to rip-off artists offering large profits trading Bitcoin, and lost nearly $44,000 in the scam, police said.

According to the Troy Police Department, the victims were contacted through WhatsApp and Telegram about trading Bitcoin, and subsequently deposited $43,944 through several transactions to Bitcoin websites over a 6-week period in November and December 2021.

Bitcoin is digital money or “cryptocurrency” with no central bank or single administrator. Bitcoin can be exchanged for products, services and other currency.

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