18-yr-old youth loses Rs 3.6 lakh to Bitcoin scams

INSUBCONTINENT EXCLUSIVE:
MUMBAI: A group of cyber fraudsters lured an 18-year-old college student to invest in Bitcoin, sent him a link of a fake Bitcoin trading
platform and duped him of Rs 3.58 lakh.The Matunga police have booked unknown fraudsters under IPC sections for cheating, forgery, and
breach of trust and also under the Information Technology Act
Police said the victim, who studies in a college in Central Mumbai, received a link on Whatsapp on investment in Bitcoin
When he clicked on the link, the message assured him that if he invested a sum of Rs 5,000, he would get Rs 55,000 within 12 hours
Believing the fraud message, the victim invested Rs 5,000 after which he received a scratch card
Once he scratched the card, it showed him a profit of Rs 65,000 in his account
He then called on the WhatsApp number to find out what was wrong, but the person who answered told him to invest another Rs 34,500 to
withdraw his profit
Over a period of time, the caller convinced him to pay Rs 3.58 lakh and duped him.