Bengaluru : With time, scammers too have upgraded themselves with new technology. They deceive people with new tricks and innocent people fall prey in their trap. A recent case has been discovered in Bengaluru where scammers tried to scam the person via bitcoin scam.
A 50 year-old man who works in a private equity firm received a message on telegram on November 30, 2025, said the police. The message that was received by the man was from a woman named Priya Agarwal who said she coincidently texted him instead of contacting some other person. So instead of ignoring the message the man tried to establish communication with her.
After some time they both started chatting. From telegram they shifted to whatsapp for daily conversations as she used a UK-based number and said she lived in Liverpool and ran a family business.
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Consequently she initiated a topic on Bitcoin trading and made claims that she earned a lot of profit from the trading for 4 to 5 years. Slowly she convinced him to invest in trading and made him believe that he too would earn a lot of money.
Later on, she sent him a link to a trading platform where his account was created. On December 9, 2025 he invested Rs.50,000 for the first time by sending it to an account. Between December 2025 and January 14, 2026 he made a total of 8 transactions and transferred a total of RS. 70 lakh amount. He believed it as the dashboard kept on showing him the increase in amount that he is investing.
So to arrange the fund of 70 lakh he borrowed loans from banks and finance companies and invested all of his savings. The platform showed him profits upto Rs. 2.6 crore making him believe that everything was true.
Now the time when he wished to withdraw money from that account . He was unable to do so as his account got frozen. He then tried to ask help from so-called customer support for which they asked him to pay extra fees and processing charges to which he realized he had been cheated.
Finally, he filed a complaint on the National Cyber Crime Portal. Police have registered a case under IT Act and BNS Section 318 (cheating) and have warned people not to fall for such traps and ignore responding to unknown messages and calls that pose a high risk.
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