KOCHI: Despite numerous warnings from the police against the increase in incidents of online cryptocurrency fraud, it seems that people still haven't listened. Recently, a couple who stayed in Vazhakala lost Rs 45 lakh after investing in cryptocurrency trading.
Following a complaint, the Kochi Cyber Police launched an investigation into the incident. According to the police, the couple received messages via the Telegram app about attractive earnings from investing in cryptocurrencies in May. A person named Carolin was messaging them explaining about cryptocurrency trading and ways to make big profits.
“Initially, they invested a small amount and received a profit on their investment. This encouraged the couple to invest more in the trade. Around Rs 45 lakh was converted into cryptocurrency.
The cryptocurrencies were transferred to the wallet of the accused persons in order to trade and thus make a profit. However, after June, there was no response from the accused person,” a police officer said.
As cryptocurrency trading is a complex matter, the police have decided to seek help from experts. The police suspect the participation of an international network in the crime.
