Cryptocurrency Scam in Moradabad: Computer Trader Loses ₹35 Lakh Through Telegram Group Fraud

A shocking case of online fraud has surfaced from Moradabad, Uttar Pradesh, where a local computer trader fell victim to a cryptocurrency investment scam and lost nearly ₹35 lakh. The fraud was executed through a Telegram group that initially offered online tasks to lure the victim.

Online Tasks Turned Into a Cryptocurrency Trap

Anuj Kumar, a resident of Harthala Himgiri Colony under the Civil Lines police station jurisdiction, was invited to a Telegram group named “Data Task 18-7100” on April 10, 2025. The group promised earnings through simple online assignments. At first, Anuj completed basic tasks and received small payouts, which helped gain his trust in the platform.

Gradual Deception Through Indicoin Investment

After building credibility, the fraudsters introduced Anuj to a cryptocurrency scheme involving a digital currency named “Indicoin.” He was persuaded to invest money with promises of high returns. Between April 10 and April 21, a total of ₹35 lakh was transferred from five different bank accounts belonging to Anuj and his family members to multiple unidentified accounts.

Cyber Complaint Filed After Realising the Deception

Once Anuj recognised the fraudulent nature of the scheme, he approached the Cyber Crime Police Station and lodged an official complaint. Authorities have registered a case against an unidentified individual and initiated an investigation.

Police Investigating, Accused Still at Large

According to officials at the Cyber Police Station, efforts are ongoing to trace those responsible and recover the lost funds. The case remains under active investigation as they work to gather leads and bring the culprits to justice.