Hyderabad: Cybercrime cops help victims get their Rs 2.6 lakh back
An investigation reveals that a sizable sum of the stolen money was moved to a wallet connected to a global cryptocurrency exchange in the Seychelles, Africa.
Hyderabad: A city investor lost Rs 2.6 lakh in an online cryptocurrency scam, but the Cyberabad Cybercrime Police helped them get their money back.
Police claim that the victim was tricked into trading cryptocurrency by a third-party software after being joined to a phony WhatsApp group. Under the guise of trading contracts and big rewards, the suspects circulated fake links and persuaded the victim to send a total of Rs 20.3 lakh into multiple private e-wallets.
The victim filed a report with the Cybercrime police after realizing he had been duped. Following an inquiry, the money flow was examined, and it was discovered that a sizable sum of the stolen money had been moved to a wallet connected to a global cryptocurrency exchange in the Seychelles, Africa.
The exchanger received a notification asking for wallet and KYC information. The exchanger confirmed the available balance of Rs 3.3 lakh in the suspect's wallet by responding with the account holder's details.
The Cybercrime team then went to court and obtained a debit freezing order. After all the necessary paperwork was submitted, the court later issued a refund order, ordering the exchanger to give the victim their money back that had been frozen.
The exchanger returned Rs 2.6 lakh to the victim's wallet in accordance with the court's order.
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