How A Man Lost Rs 9.8 Lakh In Cryptocurrency After Asking For Help On Telegram Group
Cryptocurrencies are not everyone’s game and dealing in them can be highly risky, especially if you are a newcomer.
A Bengaluru man learned this the hard way after he lost a substantial amount to a fraudster.
The man identified only by his first name, Suresh had joined a Cryptocurrency trading platform called CoinSwitch Kuber in February.
But as he was facing some issues while trying to add money to his e-wallet he sought help online.
As he was new to CoinSwitch Kuber, the 38-year-old had joined a cryptocurrency chat room on messaging platform Telegram.
In the chatroom, he came across someone who claimed to be from the trading platform’s helpdesk and offered him help.
He even convinced Suresh to handle his crypto account and offered him good returns.
Suresh then shared his login credential and OTP with the unknown person on Telegram.
And before he realized that he has been cheated, the unknown person had transferred around Rs 9.8 lakhs from Suresh’s account to his.
Incident happened on February 22
According to the police, the incident happened on February 22 and he complained only last week.
Based on his complaint, the Central CEN police have registered a case and have sent a notice to the crypto trading platform requesting them to share the details of the transaction for the investigation.
The incident in Bengaluru is the latest such case that has surfaced where people who got attracted to the frenzy around cryptocurrencies have fallen victim to online fraudsters.
Cryptocurrencies are not recognized legally in India and are not technically illegal either.
That is until now as the government is all set to ban cryptocurrencies in the country.
Earlier this week Union Finance Minister Nirmala Sitharaman, however, clarified that all windows on cryptocurrencies will not be closed down.
The Finance Minister made it clear that the government intends to allow certain windows for people to do experiments on blockchain, bitcoins or cryptocurrency.