A recent crypto scam has left a Bengaluru developer reeling after losing a staggering 368 crore. As pointed out in the source, it is important to note that the incident highlights the increasing sophistication of online scams and the urgent need for vigilance in the digital landscape.
Victim's Encounter with a Fake Recruiter
The victim, identified as Kiran, was initially approached by a fake recruiter named Sarah Ferguson on a professional networking platform. Over the span of a year, Kiran was engaged in legitimate work and received payments totaling 15 lakh, which helped build a false sense of trust with the scammers.
Cyber Attack and Financial Loss
In July 2025, Kiran received a file purportedly for a routine update. However, upon opening the file, he unwittingly granted the hackers access to his company's servers. Within hours, the scammers executed their plan, siphoning off an astonishing 368 crore in cryptocurrency before disappearing without a trace. This incident serves as a stark reminder of the evolving tactics employed by cybercriminals in the crypto space.
Recently, a Bengaluru developer lost a significant amount to a crypto scam, highlighting the growing threat of online fraud. In a related incident, Milwaukee Mitchell International Airport's X account was hacked, promoting similar scams. For more details, see read more.
