Hyderabad: Man loses Rs 30.43 lakh in YouTube task cyber fraud

A Sanathnagar man lost Rs 30.43 lakh to cyber fraudsters who promised high returns for completing YouTube-related tasks. The accused allegedly used Telegram and a platform called Coindex to collect payments. Hyderabad Cybercrime Police have registered a case.

Hyderabad: A man from Sanathnagar lost Rs 30.43 lakh to cyber fraudsters who promised high returns for completing YouTube tasks.

The accused, posing as women, contacted him through Telegram and lured him into investing through a platform called Coindex. After initially displaying fake profits, they demanded additional payments citing task errors, taxes and withdrawal charges.

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The complainant had transferred money in instalments but received neither his investment nor the promised returns. Following a complaint, the Hyderabad Cybercrime Police registered a case and are investigating.