Vijayawada Crypto Scam: Broker Sends Rs 1.4 Crore via MetaMask as UK-Linked Fraudsters Vanish
A crypto scam in Vijayawada has shocked investors after a real estate broker lost about Rs. 1.4 crore in an online fraud. The scam started with social media interactions and involved fraudulent investment promises.
The broker first got a message from a user online. The man said he was an expert in the stock market and cryptocurrency. He showed fake profit screenshots and spoke about earning big money. These talks convinced the broker to trust him.
How the Fraudsters Gained Trust
After a few days, a woman joined the chat and explained how to invest in cryptocurrency, promising high returns. She asked the broker to open an account on MetaMask, which is a digital wallet. The proposal looked safe and real, apparently.
Soon, the fraudsters added fake money to the wallet. The screen showed profits, but the money was not real. However, the broker believed that his investment was growing fast.
Later, another person joined and gave bank account details. The broker sent Rs. 90 lakh first. After seeing more fake profits, he sent another Rs. 50 lakh.
Fake Profits and Huge Loss
After the fraudsters started getting money frequently, they stopped replying. Calls and messages also did not get any response. For some time, they sent fake Bitcoin details to confuse the broker, but no real money was credited.
The broker then understood that he had been cheated and went to the police to file a complaint. The cybercrime department immediately started checking the case.
During the investigation, police found that one phone number originated from the United Kingdom. This means the scam may involve people from outside India. Police also said that the woman in the case has already left the country.
Police Warning Over Online Investment Scams
This Vijayawada crypto scam shows how online scams are on the rise. Fraudsters use simple tricks to win trust. They show fake profits and use apps to make them look real.
Police have warned investors to be careful, as promises of big profits in a short time are often fake. It’s always safe to avoid anonymous users online, as they should not be trusted with money matters.
Similar cryptocurrency scams have happened in other cities, too, and many people have lost money to these frauds. This is why experts say checking properly before investing is the most important part.
The latest fraud case is a clear reminder that online investment can be risky without proper knowledge. One wrong step can lead to a big loss.
Disclaimer : Crypto News India does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
