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Mumbai Man Loses ₹1.93 Crore in Online Crypto Investment Scam

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by Giorgi Kostiuk

6 hours ago


A retired professor in Mumbai has lost ₹1.93 crore due to an online investment scheme related to cryptocurrency, showcasing vulnerabilities in digital interactions.

Scam Through Facebook

The 62-year-old retired professor was reportedly duped through an online relationship with a person named 'Ayesha' on Facebook. He was misled into cryptocurrency investments resulting in a loss equivalent to ₹1.93 crore.

Police Investigation Details

The police have initiated an investigation into the incident, registering a case under relevant sections of the Information Technology Act. Two individuals named Koyal and Prashant Patil contacted the victim, offering to help recover his funds for an additional fee.

Internet Safety Recommendations

Experts emphasize the importance of caution in online interactions, particularly regarding financial information. Such schemes often target retirees and less tech-savvy users. It is advisable to be cautious with personal information and verify all contacts initiating financial dealings.

This case highlights the growing dangers of cryptocurrency fraud, underscoring the need for increased awareness regarding digital safety.

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