Mangaluru: A businessman was swindled out of Rs 1.1 crore in a cryptocurrency trading scam. The victim, 43-year-old PG Saji from Ichalampady in Kadaba taluk of Dakshina Kannada district, operates a business in Bengaluru.
Saji filed a complaint at the Dakshina Kannada CEN police station on May 27.
According to the complaint, on May 25, Saji was contacted by a person named Ayaka Watanabe on the Telegram app. Watanabe instructed him to download the Binance and Defi apps from the App Store on his iPhone for cryptocurrency trading. Following these instructions, Saji created wallets for both apps using his mobile phone number and email ID.
Subsequently, an unknown individual provided him with details on trading and exchange via a website and token address. Trusting this information, Saji transferred Rs 1.1 crore in phases from his two bank accounts, only to realize later that he had fallen victim to a scam.
A case has been registered under Sections 66(D) and 66(C) of the IT Act and Sections 420 and 417 of the IPC.
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