🚨 Beware of Crypto Fraud! Stay Alert & Protect Your Funds 💰⚠️
A 48-year-old businessman from Ahmedabad fell victim to a sophisticated cryptocurrency scam, losing ₹1.92 crore ($221K) after being misled by a fraudster he met on Facebook. The elaborate scheme highlights the growing risks associated with unverified investment platforms.
How the Fraud Occurred:
🔹 The victim connected with a woman on Facebook who claimed to run a gym equipment business.
🔹 Their conversation moved to WhatsApp, where she introduced him to a supposedly high-yield crypto investment platform.
🔹 After investing an initial $500, he saw a $250 profit, which built trust and encouraged him to invest more.
🔹 Over time, he poured in ₹6 crore ($692K), believing in the platform’s legitimacy.
🔹 When he tried to withdraw his funds, he was asked to pay a 20% tax upfront—a clear warning sign.
🔹 Soon after, the scammer vanished, and the platform was exposed as fraudulent.
Legal Action & Investor Caution:$ETH
Law enforcement has registered a case for criminal conspiracy, fraud, and breach of trust. Officials are urging investors to verify platforms thoroughly before investing and to stick to trusted, regulated exchanges.
⚠️ Stay vigilant! Never invest in platforms without proper due diligence. If something sounds too good to be true, it probably is! 🚨$XRP
#CryptoScamAlert #InfiniHacked #EthereumRollbackDebate #InvestorSafety #StayProtected