This post article : An Indian businessman lost about 192 million rupees (about $221 million) in a cryptocurrency investment scam

Criminals contacted the man through Facebook, where they introduced him to a #cryptocurrency investment scheme
Authorities have registered a complaint against the scammer and warned about the prevalence of scams in the cryptocurrency sector.
An Indian businessman who fell for a sophisticated Facebook scam has lost 1.920 million rupees (about $221,000) in cryptocurrency. The 48-year-old businessman from Ahmedabad, The elaborate scam reportedly started like any other friend-finding scheme on the messaging app. The situation quickly spiraled out of control and after both parties exchanged contact details, the victim was introduced to a crypto investment platform. According to authorities, this investment opportunity turned out to be a scam.
According to a complaint registered with the police cybercrime unit, the two first met on Facebook in August 2024. An Indian businessman received a request to be added as a friend on Facebook from a beautiful woman. According to the complaint, the woman claimed to be in the business of selling fitness equipment and offered her services in Dubai and Mumbai.
her habit, the scammer contacted the man through his profile. Hi, your profile caught my attention when I was browsing through my friends' offers and I decided to contact you. Would you like to meet me? ', the scammer asked.
After he replied to the chat, they started chatting and soon switched from Facebook to WhatsApp. After a while, she offered him a lucrative cryptocurrency investment opportunity. According to the chat, she said that her uncle is a high-ranking employee of the US company in charge of the platform and would help the Indian businessman.
An Indian businessman researched a company on the Internet and found that it was legitimate. He saw that the company promised high returns and invested $ 500, making a profit of $ 250.
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