A doctor in India suffered a loss of approximately 1.5 million dollars due to a cryptocurrency investment scam, and the police have initiated an investigation

By: rootdata|2026/05/20 04:45:01

According to the Times of India, a well-known private doctor in Guntur, India, lost approximately 1.3 billion rupees (about 1.5 million USD) due to a cryptocurrency investment scam. The police have launched an investigation based on the victims' reports and are tracking the flow of related funds and the cybercrime gang.

The report states that the scammers promoted high returns on cryptocurrency investments to victims through online platforms and initially displayed false profit data to gain trust. The doctor then continued to invest more and even persuaded friends and family to invest together. It was only when attempting to withdraw funds that the platform began to delay or refuse withdrawals for various reasons. Although the account page still showed significant "profits," the funds could not be withdrawn, and the victims eventually realized they had been scammed.

The police suspect that the case involves an organized cross-border cyber fraud group and are currently investigating related bank accounts, digital wallets, and transaction records.

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