Crypto
CCPO takes action against cryptocurrency scams
Cryptocurrency usage has seen a significant rise, bringing with it a surge in cryptocurrency scams and unlawful activities.The Clay County Prosecutor’s Office has raised alarm over drug dealers’ use of hardware wallets to mask their funds. Furthermore, there is apprehension about the growing prevalence of cryptocurrency mining operations in residential areas. The introduction of cryptocurrency bitcoin ATMs in Clay County has also heightened concerns about potential exploitation within the community.“Last year, in 2023, people lost $4 billion in cryptocurrency- related scams,” said Clay County Prosecuting Attorney Zach Thompson. “Now it’s up from 2.5 billion the year before, so it’s a growing problem and it’s a consistent problem.”Recognizing the growing prevalence of cryptocurrency and the concerning trend of criminal exploitation, Thompson secured a valuable opportunity for law enforcement in Clay County. Extending an invitation to area law enforcement, officers were able to partake…
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