Key Takeaways
- • A 34-year-old man from Vadodara, Gujarat, allegedly lost Rs 92.48 lakh in a cryptocurrency investment fraud after being promised returns of up to 60 per cent, according to India Today.
- • The victim, identified as Jasmin, transferred a total of Rs 94,27,614 to various UPI IDs and bank accounts in multiple instalments, receiving back only 717.29 USDT (about Rs 71,729) in his Binance wallet and Rs 1,07,606 through the MRM portal.
- • The scam began with a Facebook friend request from a woman named Aditi Mishra, who moved the contact to WhatsApp and introduced a man she identified as her uncle, Nitish Kumar.
- • The fraudsters directed the victim to a trading site, globixvault.com, where a Rs 10,000 initial deposit displayed profits that encouraged larger deposits.
- • Cybercrime police have opened an investigation examining financial transactions, WhatsApp conversations and bank statements.
Summary
A 34-year-old man from the Atladara area of Vadodara, Gujarat, who works in the marketing department of a chemical company, was allegedly defrauded of Rs 92.48 lakh in a cryptocurrency investment scam, according to India Today. The victim, identified as Jasmin, received a Facebook friend request in January from a woman named Aditi Mishra. After he accepted, the two moved their conversation to WhatsApp, where she promised profits of up to 60 per cent through crypto trading and shared screenshots purportedly showing gains. She also introduced him to a man she identified as her uncle, Nitish Kumar, who was involved in the investment pitch.
The woman allegedly sent Jasmin a link to a trading website, globixvault.com. He initially invested Rs 10,000, after which the platform showed profits that encouraged further deposits. The fraudsters allegedly continued to press for payments in multiple instalments, promising returns of 50 to 60 per cent. To bolster confidence, they transferred 717.29 USDT, worth approximately Rs 71,729, to his Binance wallet.
Jasmin ultimately transferred a total of Rs 94,27,614 to various UPI IDs and bank accounts. He received back only the 717.29 USDT in his Binance wallet and Rs 1,07,606 through the MRM portal, leaving Rs 92,48,279 unreturned. Realising he had allegedly been defrauded, he approached the cybercrime police.
The cybercrime police have launched an investigation that includes examining financial transactions, WhatsApp conversations and bank statements to trace the money transferred. The case illustrates a common pattern in which fraudsters use a social media relationship, promises of unusually high returns and small initial payouts to build trust before soliciting far larger transfers.
The woman allegedly sent Jasmin a link to a trading website, globixvault.com. He initially invested Rs 10,000, after which the platform showed profits that encouraged further deposits. The fraudsters allegedly continued to press for payments in multiple instalments, promising returns of 50 to 60 per cent. To bolster confidence, they transferred 717.29 USDT, worth approximately Rs 71,729, to his Binance wallet.
Jasmin ultimately transferred a total of Rs 94,27,614 to various UPI IDs and bank accounts. He received back only the 717.29 USDT in his Binance wallet and Rs 1,07,606 through the MRM portal, leaving Rs 92,48,279 unreturned. Realising he had allegedly been defrauded, he approached the cybercrime police.
The cybercrime police have launched an investigation that includes examining financial transactions, WhatsApp conversations and bank statements to trace the money transferred. The case illustrates a common pattern in which fraudsters use a social media relationship, promises of unusually high returns and small initial payouts to build trust before soliciting far larger transfers.
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