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The Times of India
The Times of India
National
TNN

Land developer duped of Rs 19.7 lakh in bitcoin deal

PUNE: The Shivajinagar police are searching for four men, two each from Mira Road and Mumbai, on the charge of cheating a land developer (36) from Fergusson College Road here to the tune of Rs19.70 lakh over a deal for the purchase of one-and-a-half bitcoin cryptocurrencies.

The price of cryptocurrency is dynamic and changes every day as per the market condition on the online exchange that deals with digital currencies. In the instant case, the four men had contacted the victim through a common friend and made a presentation at the developer’s office on Fergusson College Road to sell him the bitcoin deal.

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