🚨 Real Crypto Scam: How a Man Lost ₹70 Lakhs in a Fake Binance Trading App
In 2023, a 34-year-old IT professional from Bengaluru lost over ₹70,00,000 in a crypto trading scam that pretended to be associated with Binance, one of the world’s biggest crypto exchanges.
🔍 How it happened:
He came across a Telegram group where members shared “proof” of huge returns from crypto trading. One user claimed he earned ₹5 lakhs in just 2 days using a special “Binance Pro” app.
Curious, the man clicked the app link shared in the group — it looked almost identical to the real Binance app.
✅ He created an account
✅ Transferred money
✅ Started “trading” in fake coins that showed fake profits on the app screen
The app kept showing his portfolio growing: ₹10 lakhs… ₹25 lakhs… ₹50 lakhs…
But when he tried to withdraw, he was told:
> "You need to deposit ₹15 lakhs more to verify your KYC and unlock withdrawals."
⚠️ Desperate to recover the “profit,” he borrowed from friends and deposited more.
After a total investment of ₹70 lakhs, the app suddenly stopped working. The group disappeared. And so did the money.
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💡 What went wrong:
He didn’t verify the authenticity of the app link
The Telegram group was staged with fake users and reviews
Fake apps can look very real – always download from official sources only
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🛡️ How to protect yourself:
✅ Never download trading apps from random links
✅ Don’t trust Telegram/WhatsApp groups claiming huge profits
✅ Real crypto exchanges don’t ask for extra deposits to unlock funds
✅ Use only verified apps from Google Play or App Store
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⚠️ Final Reminder:
If something sounds too good to be true in crypto – it’s probably a scam.
Scammers are getting smarter — you have to be smarter too.
Stay alert. Stay informed. Don’t get trapped. #scam #scamriskwarning #ScamAwareness $BTC scam
