Techie Duped in ₹87 Lakh Crypto Scam by Matrimonial Match, TGCSB Recovers Partial Amount

Swift Summary

• A software professional from Mancherial lost nearly ₹88 lakh in a cryptocurrency scam after being lured by a fake profile on Bharat Matrimony.
• The scam involved the victim being manipulated into investing in cryptocurrency through false pretenses and incurring additional fraudulent charges such as tax and currency conversion fees.
• Telangana Cyber Security Bureau (TGCSB) traced 2,703 USDT (worth about ₹2.38 lakh) to a wallet belonging to Jiang Chuanxuan, a Chinese national, via the OKX exchange.
• Investigators froze the wallet and secured a court order for recovery; funds were refunded and will be credited back to the victim’s account upon final court clearance.
• TGCSB officials described this cross-border recovery of cryptocurrency as rare and advised caution when interacting with individuals on matrimonial platforms.

Indian Opinion Analysis

The successful partial recovery of funds marks a important achievement for Indian authorities in combating international cryptocurrency fraud.It highlights an emerging focus on cybersecurity expertise among law enforcement agencies like TGCSB, particularly in tackling complex cross-border scams where jurisdictional challenges frequently enough hinder resolutions. This incident underscores not only vulnerabilities inherent to digital finance but the importance of public awareness regarding online interactions, especially on platforms like matrimonial websites.

The larger implication for India lies in improving legal frameworks surrounding crypto-assets and refining investigative tools to safeguard citizens against similar crimes. Cross-border collaboration may also become crucial as cryptocurrencies gain broader acceptance globally-a trend that necessitates proactive regulatory alignment with international norms while balancing domestic security concerns.

Read more: Published – August 25, 2025