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Lured by good returns on bitcoin trading, Mumbai man loses over Rs 77 lakhThe accused lured the victim between April 2 and 8 this year, asking him to indulge in bitcoin trading for good returns, an official said quoting the victim's complaint.
PTI
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<div class="paragraphs"><p>Representations of virtual currency Bitcoin. </p></div>

Representations of virtual currency Bitcoin.

Credit: Reuters

A 36-year-old man from Maharashtra's Thane district has been cheated of more than Rs 77 lakh by a person after being assured of good returns by getting into bitcoin trading, police said on Monday.

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The Kalwa police on Sunday registered a case against the unidentified accused under Indian Penal Code section 420 (cheating), an official from Kalwa police station said.

The accused lured the victim between April 2 and 8 this year, asking him to indulge in bitcoin trading for good returns, the official said quoting the victim's complaint.

The victim invested a total sum of Rs 77,91,090 from time-to-time, but did not got any return and also lost the invested amount, he said.

The man then filed a police complaint against the unidentified fraudster, the official added.

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(Published 02 October 2023, 11:57 IST)