Cyber fraudsters dupe Hyderabad man of Rs 14 lakh

Hyderabad: A businessman from the city was duped of Rs 14 lakh by cyber fraudsters on the pretext of Bitcoin trading.

The man, a resident of Falaknuma, got a message on Whatsapp about bitcoin trading and contacted the sender who identified himself as Nicole. The person told the victim he could make huge money through investment in Bitcoin trading.

“Initially, the victim got Rs. 15,000 as profit on his investment. Afterwards, he transferred Rs.14 lakh to the bank accounts furnished by the conman and lost it,” Hyderabad Cybercrime officials said, adding that a case was registered and investigation was on.