Crypto Cyber Scam Costs Two Mumbai Residents Rs. 19 Lakhs

Here is the information about the crypto cyber scam that cost two Mumbai residents 19 lakhs

In two distinct instances of cryptocurrency cyber fraud, two Mumbai residents—a doctor and a domestic worker—perceived losses of nearly Rs 20 lakh to cybercriminals. In the first case, a homemaker in Kandivali (West) who was 53 years old was the target. According to the police, the woman noticed in December that her phone number had been added to a Bitcoin trading WhatsApp group with at least 250 members. However, she didn't pursue such a gathering, she didn't leave it and saw the messages partook in the gathering.

Two Mumbai residents lost nearly Rs 20 lakh to cyber scams in two separate instances. In the first case, a homemaker in Kandivali (West) who was 53 years old was the target. She was sent a message in which the sender promised to install the "LON App" and promised to assist her in putting money into cryptocurrency trading. She invested money in crypto and lead to crypto cyber scams according to the group administrator's instructions, and she could see her profits deposited into her virtual account. Be that as it may, when she attempted to pull out her income, her solicitation was declined. She was educated that she would need to pay a 30% expense to the Indian government or, more than likely she wouldn't have the option to pull out the cash. The woman then made payments totaling approximately Rs 7,43,415 up until February 8 for US$8,545 She realized that she had been duped when she heard nothing from the accused.

In the second instance, cryptocurrency fraud cost a 28-year-old doctor in Bandra Rs 6.23 lakh. On the advice of homeopath Prathmesh Alsundekar, the complainant doctor decided to put money into a cryptocurrency that would go live in October 2022.