It is unfortunate that crypto trading has had its fair share of negative experiences. Thus, a 44-year-old stock trader from Navi Mumbai has been a victim in this case, losing over Rs 36 lakh to the trading scam.
Initial reports of the event emerged when the woman reported to the police early this week, saying that two people made her invest in cryptocurrency in April this year. Eventually, the duo coerced the victim into investing Rs 36,80,151 as part of the subsequent months of the modus operandi.
When the woman demanded her returns on her investment, the man never picked up her calls or responded to her messages, only for her to learn that she had been scammed.
She could not report the matter earlier because she felt betrayed and suppressed; she reported the case to the Kharghar police station on July 3 and lodged a complaint under which a case was registered under the relevant sections of the BNS and the Information Technology Act.
This news has again emphasized the need to increase knowledge and legal restrictions in the new and innovative system of transactions in digital currency, which is pretty unsafe and unregulated for innocent and unknowing investors and traders.
The authorities are investigating the case, and actions are being taken to arrest those involved and for the deserved punishment of the victim in the reported case.
