By Admin 
Bitcoin Scam: Nowadays scammers are adopting various tactics to cheat people. One of these is Bitcoin scam. In this, a person is cheated by luring him with the lure of big money. In such a situation, common people like you need to step forward.
Recently, a 50-year-old man working in a private equity firm in Bengaluru lost Rs 50 lakh through a Bitcoin scam. His only mistake was that he had replied to a woman’s message on Telegram. After this the scammer fraudulently trapped him in his net.
Bitcoin trading was mentioned in conversations
According to the complaint lodged with the police by a person living in Kodihalli, Bengaluru, on November 30 last year, he received a message on Telegram from a woman named Priya Aggarwal, who wanted to contact a man named Rahul. By mistake the message arrived on his phone. Instead of ignoring the message, he started talking to the victim woman. After this both of them started talking daily. From Telegram the matter came to WhatsApp.
While talking to the number +447490569470, Priya told the person that she lives in Liverpool, UK and runs a family business. With time the man’s trust in Priya increased. Priya often talked about online Bitcoin trading with the claim that she had made huge profits through it in the last four-five years.
Invested all savings in online trading
Priya somehow convinced the man to invest. He also assured guidance regarding better profits and trading. After this, by clicking on a link, the victim’s account was created on a trading platform. On December 9, 2025, he made his first investment of Rs 50,000. This amount was transferred to the bank account given by the so-called customer support team of the platform. The profits visible on the dashboard increased his confidence and he continued investing.
Between December 2025-January 14, 2026, he transferred a total of Rs 70 lakh through eight different transactions. He got so addicted to trading that he took a loan from a bank and a finance firm to arrange funds and invested all his savings. Did all this on Priya’s advice. He started seeing profits of up to Rs 2.6 crore in his account on the trading platform, which further strengthened his belief that the investment was genuine.
How was the fraud exposed?
The matter came to a halt when he tried to withdraw the money. Despite repeated attempts he could not withdraw the money. He came to know that his account has been frozen. When he tried to talk to customer support, he was allegedly asked to withdraw and deposit money on various pretexts like taxes and processing fees. He realized that he had become the victim of a big scam. After this he contacted the police and lodged a complaint on the National Cyber Crime Portal.
East Cyber Crime Police has registered a case under Information Technology Act and Section 318 (fraud) of BNS. Police said, “We have cautioned people against responding to messages from unknown people on social media and messaging platforms, especially those messages that promise quick and high investment returns.” He further said that such ‘wrong message’ people are using the conversations as a trap to commit cyber fraud.
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