Ahmedabad Artist Lost Rs. 27 Lakh in a Fake Crypto Trading Scam: Social Media Trap, Fake Profits, and Withdrawal Tricks Exposed
A 40-year-old artist from Ghatlodia in Ahmedabad lost nearly Rs. 27 lakh in a cryptocurrency scam. The fraud happened through a fake online trading platform. Ahmedabad cybercrime police have registered a case and started an investigation.
The scam started in December 2025 when the artist got a message from an unknown woman on social media. The chat later moved to a messaging app. The woman talked about cryptocurrency trading and promised high profits. She shared a link to a fake trading platform and asked the artist to register. This is a common pattern in many Ahmedabad crypto scam cases.
Fake Profits Used to Build Trust
After registration, the artist was asked to invest small money first. The platform showed small profits. The artist also managed to withdraw a small amount. This built trust in the system. Later, the fraudsters introduced another person as a guide. He also convinced the artist to invest more money. This type of trick is often used in cryptocurrency fraud cases.
Between January 6 and January 25, 2026, the artist sent around Rs. 27 lakh in different transactions. The money was sent to multiple bank accounts shared by the scammers. The fake platform kept showing increasing profits on screen. But the money was never real.
Scammers Demanded Extra Charges
When the artist tried to withdraw the full amount, the scammers asked for extra charges. They demanded more money to release the funds. After this, the artist realized it was a fraud. This is a common method used in online trading scam cases.
Ahmedabad cybercrime police have filed a case of cheating, criminal conspiracy, and breach of trust. Police are tracking the bank accounts used in the scam. They are also checking digital records to find the suspects linked to the fake trading platform.
Police Warn About Rising Crypto Frauds
Officials warned that many similar scams are increasing on social media. Fraudsters use fake investment promises to trap people. They show fake profits to gain trust. Later, they block withdrawals and demand more money. Such cases are part of rising cryptocurrency fraud cases in India.
Police advised people not to trust unknown investment offers. No guaranteed profit exists in crypto trading. Any request for extra payment to withdraw money is a strong warning sign. Awareness and caution can help prevent such Ahmedabad crypto scam cases in the future.
