Thane Man Loses ₹1.12 Crore in Bitcoin Scam

A 57-year-old man from Thane lost ₹1.12 crore after being tricked by cyber fraudsters into investing in Bitcoin trading. The scammers contacted him between April and June via Facebook and convinced him to invest, promising high returns. A case has been registered but no arrests have been made.

A 57-year-old man from Thane lost ₹1.12 crore after he was lured by cyber fraudsters into investing in Bitcoin trading, according to a police report on Monday.

The incident occurred between April and June when the victim was contacted via a Facebook link. The accused assured higher returns, leading the victim to invest ₹1,12,62,871.

Despite multiple attempts, the victim failed to receive any returns on his investment and approached the police when the accused began ignoring his calls. A case has been registered under relevant sections of the Indian Penal Code and the Information Technology Act, but no arrests have been made so far.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)