Hyderabad techie loses Rs 67 lakh to crypto investment scam | Hyderabad News
Hyderabad: An IT employee from the city lost Rs 67 lakh to cyber fraudsters who ran a crypto investment scam through a fake website.The 39-year-old IT professional from Langer Houz alleged that he encountered cryptocurrency investment advertisements on Instagram. Upon clicking the link, he was added to Telegram and WhatsApp groups, where administrators advised him to invest in crypto trading through their portal in July 2024.The fraudsters utilised fake dashboards to demonstrate that the victim had made significant profits on his investments. The victim used his savings and obtained loans to transfer over Rs 67 lakh within a year through hundreds of UPI transfers to bank accounts in Karnataka, Jammu & Kashmir, Kerala, Gujarat, and…
