A 28-year-old software engineer in Bengaluru fell victim to a cryptocurrency scam, losing Rs 43 lakh after being lured by a part-time job offer. The fraudster promised high returns for completing simple tasks and investing in digital currency.
How the Scam Unfolded
The victim, a resident of Whitefield, received a message on a social media platform offering a part-time job with attractive earnings. The scammer instructed him to perform tasks such as subscribing to YouTube channels and writing reviews, for which he was paid small amounts initially.
Later, the fraudster convinced the techie to invest in a cryptocurrency platform, claiming it would yield substantial profits. The victim transferred Rs 43 lakh in multiple installments over a few weeks.
Realization and Police Complaint
When the victim tried to withdraw his earnings, the platform demanded additional fees and taxes. Suspecting foul play, he approached the Bengaluru cyber crime police. An FIR has been registered under the Information Technology Act and relevant sections of the Indian Penal Code.
Police have launched an investigation and are tracing the money trail. They have warned citizens to be cautious of such job offers and to verify the authenticity of investment platforms.
Rising Cyber Fraud Cases
This incident is part of a growing trend of cyber frauds targeting tech-savvy individuals in Bengaluru. Authorities urge people to report suspicious activities immediately and avoid sharing personal or financial information with unknown entities.
The victim, who wishes to remain anonymous, said he was tempted by the promise of easy money. He now advises others not to fall for similar schemes.
