A man lost more than Rs 10 lakh after fraudsters allegedly persuaded him to invest in cryptocurrency after promising high returns, an official said on Friday. In his complaint, the man (37) said some individuals contacted him over the phone and Telegram app between Feb 9 and 11, claiming he would get lucrative returns if he invested in cryptocurrencies like bitcoins and other digital assets. He then transferred Rs 10.61 lakh into various accounts as advised by the scammers. The man approached the police when he did not receive any money despite attempts to contact the accused. The Uran police on Thursday registered a case of cheating under relevant IPC sections and IT Act, said the station house officer.
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