Mumbai Girl Loses $30K in Crypto Rip-off to Man She Met on Matrimonial Website: Report

A 60-year-old Indian girl misplaced almost $30,000 in a crypto funding rip-off after she was approached on the matrimonial web site the place she had registered herself to search for a life associate.

The con man informed her that he was a US-based engineer and might make her earn fast income by bitcoin investments.

Funding in Love Gone Mistaken

In response to media stories, the Mumbai girl, who’s a retired govt from a personal firm, registered on a matrimonial web site in early 2022. Quickly, she was approached by an individual on the location, and the 2 exchanged their telephone numbers and began calling and chatting often.

In March 2022, the person informed her a couple of cryptocurrency funding alternative and the way he, purportedly, was making big passive incomes. He shared the telephone variety of one other particular person and informed her that he would information her in making the investments.

Between April 2022 and December 2022, the lady invested almost $30,000 (INR2.4 million) in cryptocurrencies by “the information.” At one level of time when she had $62,000 in her digital account, she requested “the information” to assist her withdraw the cash. They informed her that she would wish to pay a forex conversion price and taxes equal to $15,000 to withdraw the cash.

Whereas she was nonetheless fascinated with what to do, she observed that the duo had stopped speaking, and her digital account had develop into dysfunctional.

At this stage, she approached the police and complained. In response to the authoirites, a case has been registered underneath related sections of dishonest, forgery, and legal conspiracy.

Identical Metropolis One other Incident

In an identical fraud, one other Mumbai girl was duped of almost $12,500 (INR a million) when she was searching for a work-from-home alternative and was requested by the fraudsters to spend money on bitcoins. The 49-year-old sufferer realized that she was being cheated when she was requested to pay near $10,000 (INR 0.8 million) simply to withdraw her cash.

India has reported fairly just a few crypto scams within the current previous. And in most of those instances, buyers’ lack of information about crypto investments has made them susceptible to fraud.

Extra Situations

Early this month CryptoPotato reported that an Indian scholar dedicated suicide by hanging himself after dropping $2,400 price of funding to a pretend bitcoin funding scheme. India has a reasonably large record of crypto scams to its credit score.

One other current instance was the arrest of an accused in a crypto rip-off price $160 million.