Hyderabad: Woman loses Rs 91 lakh in crypto fraud

Hyderabad: A woman from Jubilee Hills lost Rs 91 lakh to cyber fraudsters who hacked her crypto currency account and looted it. According to the police, the woman, who was into digital trading opened an account with ‘Binance’, a crypto currency exchange, and invested over Rs 91 lakh. “A couple of days ago, she found […]

Hyderabad: A woman from Jubilee Hills lost Rs 91 lakh to cyber fraudsters who hacked her crypto currency account and looted it.

According to the police, the woman, who was into digital trading opened an account with ‘Binance’, a crypto currency exchange, and invested over Rs 91 lakh.

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“A couple of days ago, she found that someone had hacked into her account and transferred crypto currency equivalent to Rs 91 lakh. On a complaint, a case was booked and investigation going on,” Hyderabad Cybercrime police officials said, adding that someone who was familiar with her account balance could be behind the hacking.

In a separate case, a man from the city was duped of around Rs 30 lakh by fraudsters who lured him into investing in crypto currency business. The victim received a message on phone from a person who asked him to invest in the business and told him to transfer some amount into a bank account.

“Believing the person, the victim transferred a small amount on different instances into a wallet. However, when he was unable to withdraw the profits, he grew suspicious and lodged a complaint,” police said. A case was booked.

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