Troy Residents Lost $44,000 via Bitcoin Scam

Troy Police Department said 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.

The victims thought they were profiting from their investments, but when they tried to access their funds ran into a roadblock: They were told their accounts were frozen until they paid a 13 percent service fee. At that point, they realized they’d been scammed, police said.

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The Oakland Press Article