: Hyderabad: Man duped of Rs 40 lakh in crypto fraud #IndiaNEWS #Hyderabad Hyderabad: A man was duped of Rs 40 lakh on the pretext of investment in cryptocurrency by fraudsters. The victim, who works
Hyderabad: Man duped of Rs 40 lakh in crypto fraud #IndiaNEWS #Hyderabad
Hyderabad: A man was duped of Rs 40 lakh on the pretext of investment in cryptocurrency by fraudsters.
The victim, who works in a restaurant, is a resident of old Bhoiguda in Secunderabad. A few weeks ago, he got acquainted with one person on Facebook. The man introduced himself as a businessman trading in cryptocurrency in Hong Kong and lured the victim into investing in the trade.
“The fraudster made the man invest around Rs 40 lakh in a cryptocurrency online business app. Later, on the pretext of making systematic investments to get good profits, the fraudster collected the password and login id of the victim and duped him,� Cybercrime officials said.
Based on a complaint, the police booked a case and are investigating.
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