Woman loses Rs 26.88 lakh to bitcoin fraud in Thane

The complainant came across an advertisement on social media promising lucrative returns on investments in Bitcoin, police said.
The image shows the bitcoin logo on a smart phone in a greenhouse heated with bitcoin miners near Amsterdam. (File Photo | AFP)
The image shows the bitcoin logo on a smart phone in a greenhouse heated with bitcoin miners near Amsterdam. (File Photo | AFP)

THANE: A 33-year-old woman from Maharashtra's Thane city allegedly lost Rs 26.88 lakh to fraudsters online who lured her to invest in bitcoin, police said on Saturday.

Based on a complaint, an offence under the Information Technology Act has been registered at the Kapurbawdi police station, an official said.

The complainant came across an advertisement on social media promising lucrative returns on investments in bitcoin, he said.

The woman called the phone number given in the advertisement and as instructed by the caller, paid Rs 26.88 lakh in one year.

She received updates about her account balance with a link supposedly enabling her to withdraw the expected returns, the official said.

However, when the complainant attempted to withdraw the funds, she encountered difficulties and was unable to retrieve any money, he said, adding that an investigation had been initiated.

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