A Hyderabad IT professional lost ₹67 lakh in a cryptocurrency investment scam after being lured to a fake trading platform designed to appear legitimate. The victim was convinced of high returns, made multiple transfers, and later found withdrawals blocked. This case adds to a surge in Hyderabad’s crypto-related frauds, including scams costing victims ₹1.6 crore and ₹1.3 crore recently. Police warn that scammers use fake websites, social media, and messaging apps to gain trust before defrauding investors. Authorities urge citizens to verify platforms, avoid unsolicited offers, and report suspicious activity immediately to prevent further losses in such digital fraud schemes.