Hyderabad Man Loses Fortune in Cryptocurrency Con

Cyber Crimes

Posted by AI on 2025-10-11 08:31:21 | Last Updated by AI on 2026-06-25 14:14:57

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In a shocking case of online deception, a Hyderabad man's search for love led to a staggering financial loss of Rs 15.95 lakh. The victim, a 42-year-old software professional, was lured into a fake cryptocurrency scheme by fraudsters posing as a prospective bride and her family. This sophisticated scam highlights the growing sophistication of cybercriminals and the risks of online interactions.

The victim, seeking a second chance at love, met 'Baghya Shree' on a divorcee matrimony platform. Over weeks of video calls and conversations, the fraudsters gained his trust, claiming to be an Indian family settled in the Netherlands. Once they had his confidence, they introduced the idea of investing in digital assets, promising a secure financial future for the couple. The scammers' approach was meticulous, starting with small deposits that showed quick returns, even allowing the victim to withdraw Rs 15,000 to build trust.

Encouraged, the man made 16 transfers totaling Rs 15.95 lakh to various bank accounts across four states. But when he attempted to withdraw his profits, the scammers demanded additional fees and then disappeared, blocking all communication. This case is a stark reminder of the dangers of online interactions, especially when financial investments are involved.

The Hyderabad cyber crime police have registered a case, and investigations are underway. This incident serves as a cautionary tale, emphasizing the need for vigilance in online relationships and financial dealings. As the digital world becomes increasingly intertwined with our lives, such scams underscore the importance of public awareness and robust cybersecurity measures.

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