Skip to main content

Thane Businessman Loses Rs. 34 Lakh in Bitcoin Trade, Was Promised Lucrative Returns on WhatsApp Group

A 37-year-old businessman from Mira Road in Thane has been cheated of Rs 33.65 lakh after he was tricked into investing in Bitcoins on the false promise of lucrative returns, police said on Monday.

Police have registered a case against two persons under section 420 (Cheating and dishonestly inducing delivery of property) of the Indian Penal Code.

An official said the complainant came into contact with the accused persons through a WhatsApp group. In February 2022, he received a message from two persons, including the group administrator, asking him to become a Bitcoin investor if he wants lucrative returns.

"The businessman agreed and invested money. He got good returns initially, but later he suffered losses and stopped trading. But the accused contacted him and assured him that he will get guaranteed returns and demanded a 20 percent commission. Later, he saw an amount of $2,47,210 (roughly Rs. 2 crore) in his Bitcoin account but couldn't withdraw due to technical issues," the official said.

After a couple of days, he received a message that the Bitcoin application was frozen as the "contract has expired". The accused duo also became incommunicado, following which the businessman lodged a complaint with the police.

No arrest is made so far and further investigation is underway.

Bitcoin, a virtual currency, is not regulated in India and its circulation has been a cause for concern among central bankers the world over for quite a while now. The Reserve Bank of India has also cautioned users, holders and traders of virtual currencies, including Bitcoins.

Will crypto tax hurt the industry in India? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/uiqvRYb
Labels:

Comments

Post a Comment

Popular posts from this blog

Samsung Galaxy S24 Series Pre-Order Details Leak Out; Galaxy S24+ Spotted on Walmart Listing

Samsung Galaxy S24 series is expected to be unveiled on January 17 and past rumours have already given us a fair idea of what to expect from the new flagship phones. The most recent leaks suggest video recording upgrades on the Samsung Galaxy S24, Galaxy S24+, and Galaxy S24 Ultra along with some pre-order perks. The regular models are also tipped to be priced lower than their predecessors. The Galaxy S24 Ultra, in contrast, could see a price jump across all three storage variants. Meanwhile, Walmart accidentally listed the Galaxy S24+ on its online website, whereas Samsung retailers in Brazil have also started teasing the phone ahead of the debut. On X (formerly Twitter), Tipster Ice Universe (@UniverseIce)  posted that Samsung's flagship Galaxy S24 phones will be priced slightly lower than expected. He claimed that Galaxy S24 and Galaxy S24+ stock is large this time as the company is optimistic about the upcoming phones. Further, the Galaxy S24 series is said to offer the abili
Post a Comment
Read more

End-of-Season Savings on Convertible Air Conditioners Starting at Rs. 22,990

Check out Croma's latest deals on Convertible Air Conditioners, with prices starting from just Rs. 22,990. This sale brings together top brands like Voltas, Daikin, and Croma, offering a mix of high-tech features and value for money. Whether you're looking for energy-saving options or models with the latest cooling technology, there's something for everyone. Plus, these ACs are more environmentally friendly. Big discounts on the usual prices and special bank offers make this a great time to upgrade your air conditioner. Croma 4 in 1 Convertible 1.5 Ton 3 Star Inverter Split AC Get the Croma 4 in 1 Convertible AC at a great deal of Rs. 28,990, down from Rs. 42,000. Made for compact spaces, this 3-star, 1.5 Ton AC is efficient and eco-friendly, complete with a PM 2.5 filter. HDFC Bank users can avail themselves of an extra discount, making it an even better bargain. Buy now at: Rs. 28,990 (MRP Rs. 42,000) Voltas 183V Vectra Platina 4 in 1 Convertible 1.5 Ton 3 Star Invert
Post a Comment
Read more

Google Pixel Watch 2 Spotted on Google Play Console; Specifications, Chipset Tipped

Google Pixel Watch 2 is expected to launch soon as the successor to the Google Pixel Watch , which was released in October 2022. The debut Pixel Watch model has a 1.2-inch AMOLED touch display protected by 3D Corning Gorilla Glass 5 and an Exynos 9110 SoC. The watch also claimed to have a battery life of up to 24 hours. However, the upcoming Pixel Watch 2 is expected to include an improved SoC and battery. There have been several rumours about the purported smartwatch. The wearable was reportedly spotted on Google Play Console, where some key specifications were listed. A 9to5Google report says that the Pixel Watch 2 was recently spotted on the Google Play Console. The listing shows some key details of the smart wearable, including its processor, display and software specifications. The report says that the watch is likely to be powered by a Qualcomm SW5100 SoC, which claims to be the Snapdragon W5 chipset, not the W5+ variant. It is also tipped to retain 2GB of RAM from the precedi
Post a Comment
Read more