CRYPTO SCAM IN INDIA: Rs. 2.14 Crore Lost

A 46-year-old businessman from Mumbai, India, fell into a honey trap and lost Rs. 4.16 crore. He falls victim to this fraud through two women who met him on two different dating apps. Their names are Anita and Shrika. They encouraged the businessman to invest in foreign exchange and cryptocurrency. They lured him by offering large profits.

He said in his FIR that in April 2024. As suggested by Woman (Anita), he created a trading account. The victim contacted the customer support person, who asked him to invest Rs. 17 lakh. The victim deposited the money and began trading.

Again, in the middle of April, another woman from another dating app contacted him. She urged the businessman to deposit money in foreign exchange. She forwarded a link to him via WhatsApp. He set up a trading account in which he deposited Rs. 40,000.

In May, he attempted to take funds from both accounts. The customer support professionals for both accounts advised him to deposit money first and then withdraw. Until then, he had put more money into these trading accounts. Only then did he discover he'd been deceived and had lost Rs. 2.14 crore. He proceeded to Mumbai's central cyber police station and filed a FIR. An investigation is ongoing.

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