The post Indian engineer loses $130k to fake crypto investment scam appeared on BitcoinEthereumNews.com.

A retired Indian engineer has lost more than Rs. 1.28 (approximately $133k) to scammers after he was lured with the promise of mouth-watering profits. In the case registered with the Indian police, the scammers introduced the man to a fake crypto trading platform, luring him from WhatsApp before eventually introducing him to their bogus application. According to the Indian police, the victim was a former employee in the public sector. He claimed that he was added to a WhatsApp group titled 531 DBS Stock Profit Growth Wealth Group. The victim claimed that the group administrator introduced himself as Professor Rajat Verma. He addressed them alongside an analyst who claimed to be Meena Bhatt. After the introductions, the criminals convinced the suspects to download the mobile application. Indian engineer loses $130k to scammers The victim claimed that the members of the group were directed to go to a domain named www(dot)ggtkss(dot)cc to download the application. He noted that the administrator claimed that once they downloaded the app, they would be able to gain access to block deals and high-value IPO allotments unavailable to regular investors. The Indian police claimed the victim deposited Rs. 1 lakh and was allowed to withdraw Rs. 5,000 to gain his trust. According to the police statement, over the next few weeks, between November and early December, he was persuaded to deposit higher funds. Heeding their counsel, he put larger sums to subscribe to the Capital Small Finance Bank IPO and to cover a share buyback. During the period, the police claimed that the victim made deposits of about Rs. 1.2 crore through several bank accounts and UPI. However, issues started when he tried to withdraw some of his balance. The scammers claimed he would have to pay a 20% commission before he was allowed to make…

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Filed under: News - @ December 7, 2025 11:05 am