A woman from Jubilee Hills lost Rs 91 lakh to cyber fraudsters who hacked her crypto currency account and looted it.
According to the police, the woman, who was into digital trading opened an account with ‘Binance’, a crypto currency exchange, and invested over Rs 91 lakh.
“A couple of days ago, she found that someone had hacked into her account and transferred crypto currency equivalent to Rs 91 lakh. On a complaint, a case was booked and investigation going on,” Hyderabad Cybercrime police officials said, adding that someone who was familiar with her account balance could be behind the hacking.
Damn, that's a huge amount to lose. I wonder how the woman lost such a big amount because users generally have to undergo 2FA authorization to login and then withdraw the amount.
Even if it's someone who the woman already knows then she would have received the code to withdraw the amount.
Unless she had disabled 2FA from her side which is ofcourse a very bad idea considering she was holding such a huge amount in her account.
In a separate case, a man from the city was duped of around Rs 30 lakh by fraudsters who lured him into investing in crypto currency business. The victim received a message on phone from a person who asked him to invest in the business and told him to transfer some amount into a bank account.
“Believing the person, the victim transferred a small amount on different instances into a wallet. However, when he was unable to withdraw the profits, he grew suspicious and lodged a complaint,” police said. A case was booked.
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Now that's complete foolishness. Why would the person deposit 30 lakhs into a crypto business which he is not aware of.
You said that the vistim transferred small amounts on different instances but an amount of 30 lakhs is definitely not a small amount.
Didn't he verify whether he is able to withdraw the amount just when he had around 10 thousand or something.
That would have saved him a huge amount.
