A businessman in Kerala, India, lost Rs 2.85 crore (approximately $350,000) in a crypto trading scam. He was contacted by a group of people who claimed to be crypto experts and convinced him to invest in a new cryptocurrency that they said was guaranteed to make him a lot of money. After investing Rs 2.85 crore, the businessman was unable to access his account or withdraw his money. He realized that he had been scammed and filed a complaint with the police.