An engineer from Delhi, Ankit Chaudhary, working for a well-known company lost about Rs 12 lakh to a cryptocurrency scam. He claimed to have received alluring messages encouraging him to invest in cryptocurrencies on a Telegram channel.

Ankit's confidence was bolstered by returns of fifteen thousand after he initially invested ten thousand. He then made larger investments totaling 12 lakhs, only to discover that his money had not been reimbursed as agreed.

"I received a message on a Telegram channel asking me to invest in cryptocurrency. Initially, I invested 10 thousand, and after some time, I received 15 thousand in return. Subsequently, I invested 15 thousand, and similarly, I received 20 thousand. Due to this, I became greedy and invested about ₹ 12 lakh in different transactions, but I did not get my money back," he said.

Also Read: Ahmedabad News: CBI Files Case Against Indian Man For Duping US Citizen Of USD 1,30,000 In Mega Crypto Fraud

The Delhi Police is currently looking into the matter and has filed a FIR under Section 420 at the North East District Cyber Police station in response to his complaint.

In another incident, the suspected mastermind of a multi-level cryptocurrency marketing scam, Prashant Brahmbhatt (34), has been taken into custody by the Pune City police. Following his arrival in Goa from Dubai last month, Gujarat police detained Brahmbhatt, for whom a Look Out Circular (LOC) had been issued.

In an effort to develop an independent blockchain-based system and invest in the cryptocurrency "Buxcoin" through the company Bitsolives, Pune residents were tricked out of at least ten times of cheating, totaling Rs 1 crore. These cases are being investigated by the Pune City police Cyber Crime Cell.