A woman doctor from Banjara Hills lost Rs 10 lakh to cyber fraudsters via a fake online trading platform. Initial small profits gained her confidence, but withdrawal was blocked. The Hyderabad cybercrime police are investigating the case.
A 27-year-old man from Kanchanbagh lost Rs 14.3 lakh after scammers posing as Fyers Securities agents tricked him into investing in a fake trading platform. They initially allowed small withdrawals to gain trust before blocking access and showing fake profits
The funds are being provided by Ribbit Capital and several other venture capital firms, including Sequoia Capital, Index Ventures and ICONIQ Capital. The USD 3.4 billion figure includes $1 billion in funding that Robinhood announced Friday.
