A misleading notification circulated to users of a popular digital financial platform, falsely claiming the company would triple customers’ cryptocurrency holdings and offering a supposed Rs. 8.3 lakh (approximately $10,000) windfall. The message, which bore the hallmarks of a scam, sparked immediate concern among customers and renewed scrutiny of cybersecurity vulnerabilities in fintech ecosystems. While… Continue reading False Windfall Alert Triggers Alarm as Financial App Users Receive Crypto Scam Message
Tag: Scam
Vizag Couple Defrauded of Rs. 1.5 Crore in Sophisticated Crypto Investment Scheme
A couple from Visakhapatnam has reportedly lost Rs. 1.5 crore after falling victim to an elaborate cryptocurrency investment scam that promised high returns through digital trading platforms. Lured by convincing pitches, simulated profit dashboards, and constant communication from the fraudsters, the victims gradually invested large sums, believing their capital was multiplying. When they attempted to… Continue reading Vizag Couple Defrauded of Rs. 1.5 Crore in Sophisticated Crypto Investment Scheme
Rs. 58 Crore Mumbai ‘Digital Arrest’ Scam Exposed: Cyber Network Traced to China and Indonesia
A sophisticated cybercrime syndicate operating across China and Indonesia has been linked to a Rs. 58 crore “digital arrest” scam that defrauded multiple victims in Mumbai. The scheme, executed through psychological coercion and advanced technology, involved impersonation of law enforcement officials and manipulation of digital payment platforms. Investigators uncovered that the fraud was coordinated through… Continue reading Rs. 58 Crore Mumbai ‘Digital Arrest’ Scam Exposed: Cyber Network Traced to China and Indonesia
36-Year-Old Loses ₹1.11 Crore in Bitcoin Investment Scam
A 36-year-old investor has reportedly fallen victim to a sophisticated Bitcoin fraud, resulting in losses totaling ₹1.11 crore. The scam, involving fraudulent cryptocurrency platforms and deceptive investment schemes, underscores the growing risks associated with digital asset investments. Authorities have launched an investigation to trace the perpetrators and recover funds, highlighting the challenges of policing virtual… Continue reading 36-Year-Old Loses ₹1.11 Crore in Bitcoin Investment Scam