Crypto Fraudster Dupes Indian Citizens

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In India, individuals are increasingly becoming victims of scams, like the most recent one, where a male impersonating a woman has claimed to be a crypto expert, offering to invest crypto, and even offered people an area of land on the moon. A woman was recently offered “good returns” if she invested Rs 45700 with a lady supposedly named Uska Abubakar. After the woman transferred Rs 25100 to the fraudster, she never received any returns and subsequently filed a complaint with the police on August 19, 2021. The police have arrested a young man named Akash Narayana, to whose account the plaintiff’s money was transferred. It is not clear whether the fraudster