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The Hindu
The Hindu
National
Shreyas H.S.

Bengaluru businessman pledges gold, begs from friends, and borrows from bank to trade in crypto, but ends up losing ₹52 lakh to Bitcoin fraud

Crypto Bengaluru Telegram

Bengaluru 

A 39-year-old businessman lost over ₹52 lakh after participating in a cryptocurrency exchange task. He pledged gold, withdrew a fixed deposit, used business overdraft and borrowed money from friends to pay the fraudsters. An FIR was registered at South East CEN Crime Police Station. 

Nalagani Gururaju runs two hair salons at Electronics City in Bengaluru. On May 29, an unknown person [phone number +1(6292742279)] contacted him on WhatsApp and asked him to take up a part-time job subscribing to YouTube channels. Gururaju was promised ₹50 each for subscribing to multiple YouTube channels. Gururaju subscribed to three channels after clicking on the links sent by the unknown person. He received ₹150 in his bank account. 

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