Bitcoin Phone Scammers Defraud Victims of $2 Million in New York

The New York Police Department (NYPD) has issued warnings on an increase in Bitcoin-related fraudulent activity where con artists impersonate key government officials to defraud unsuspecting victims. NYPD spokesperson says con artists using this method have already stolen millions of dollars from hundreds of people.

New York is only the latest in an increasing number of cities around the world beset by criminals taking advantage of virtual currencies to commit fraud. Law enforcement agencies from California to Australia and even Taiwan are grappling with the rising spate of cryptocurrency-related crime.

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