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In the wake of growing crypto scams in the country, an Indian engineer from Delhi lost $15,000 on Telegram, as reported by local media in the region.

Indian engineer falls prey to crypto scam

ANI on Wednesday reported that an engineer from Delhi had fallen prey to a digital scam on Telegram. The victim has allegedly lost around $15,000, which is a big amount in the local currency.

An unknown sender messaged the victim on Telegram with an offer for him to invest in cryptocurrencies. He agreed to invest and joined a Telegram group sensing no threat and thinking that the offer was genuine. The will to enhance his investments and make more money saw the victim eventually say yes to all the demands put forth. He was first required to invest $120.43 and was rewarded with $180.65  in return.

His confidence increased, and he began to make plans for additional investments. He ultimately decided to invest an additional $15,000. However, as soon as he made a sizable investment, the con artists ceased contact with him and refused to give him any money back.

Indian investors easy target for crypto scammers

According to a survey done by a local media organization, Indian investors easily fall prey to crypto scams. Most of these scams take place on the platform Telegram itself.

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