A 26-year-old food delivery executive from Udupi lost more than Rs 1 lakh after falling prey to an online cryptocurrency scam that promised high returns through a Telegram contact.
The victim, identified as Damodhar Manjunath Singanakuli, said in his complaint that the incident took place on September 9 while he was travelling back home by train from Puri. While browsing social media on his mobile phone, he came across a Telegram user who claimed that investing in Bitcoin could bring large profits.
Trusting the offer, the complainant first transferred Rs 1,010 through UPI. Soon after, the accused deposited Rs 453 as profit into his account. This convinced the victim that the scheme was genuine.
Encouraged by the initial return, victim later transferred Rs 54,510 to a UPI ID provided by the accused and an additional Rs 50,000 to a State Bank of India account. However, when the accused began demanding further investments in order to release the supposed profits, the victim realised he had been cheated.
Following the complaint, a case has been registered at Udupi Town Police Station under Section 318(4) of the Bharatiya Nyaya Sanhita and Section 66(D) of the Information Technology Act.
Authorities have once again urged the public to remain cautious about online investment schemes, especially those promising unusually high returns.
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