cryptocurrency scams

A former software professional in Hyderabad was duped of over Rs 2.9 crore by fraudsters posing as a cryptocurrency investor on Facebook. Lured by promises of high profits on a fake platform, he invested heavily between July and September 2025. Despite paying additional charges, the victim was denied access to his funds, prompting a police investigation.

Coimbatore cybercrime police registered three cases after online fraudsters duped three residents of over Rs 55 lakh. One victim lost Rs 29.27 lakh in a cryptocurrency scam, another Rs 5.18 lakh via a fake RTO challan, and an IT employee was defrauded of Rs 20.97 lakh while attempting to buy a vehicle online.

Bengaluru faces a surge in economic crimes. Over three years, one offense occurred every 2.5 hours. Forgery, cheating, and fraud dominate these cases. This indicates a shift from physical theft to financial deception. Police face challenges due to cross-state networks and digital methods. The city's crime profile is changing.

An unprecedented international effort involving the FBI, Dubai Police, and Chinese Ministry of Public Security has dismantled nine cryptocurrency investment fraud centers, leading to the arrest of 276 individuals. These operations targeted Americans, resulting in millions of dollars in losses. The crackdown highlights a global commitment to combating cross-border financial crime.

Were Threatened When They Sought Repayment

State Ahead Of Nat’l Average in Low Pendency, Filing of Chargesheets

Scammers are using fake AI bots to build emotional connections. These bots then manipulate users into sending money. An AI companion expert shares five red flags to identify these scams. Legitimate platforms offer transparent pricing and no emotional pressure. Users must be vigilant to protect themselves from these online schemes.