Man Duped of ₹11 Lakh in Crypto Scam via Matrimony Match

Swift Summary

• A 31-year-old man from Punjagutta, Hyderabad, lost over ₹11 lakh in an online cryptocurrency fraud.
• The victim was duped by a woman who created a fake profile on Reddy Matrimony, claiming too be from Scotland and involved in cryptocurrency trading.
• Their interaction moved to WhatsApp where the woman convinced him to invest via two fraudulent cryptocurrency websites.
• the victim transferred funds via net banking into multiple accounts after being instructed by an alleged international customer support team on WhatsApp.
• upon realizing the scam, he lodged a complaint with Hyderabad Cyber Crime police.
• Investigators warned citizens about scams involving fake identities and advised caution when interacting with strangers online or sharing personal/banking information.
• Suspicious incidents can be reported via www.cybercrime.gov.in or by calling helpline number 1930.

Indian Opinion Analysis

This case underscores the growing prevalence of online fraud targeting individuals through trusted platforms like matrimonial websites. It highlights how cybercriminals exploit emotional vulnerabilities and leverage emerging financial technologies like cryptocurrency to execute scams.While victims often suffer significant financial losses, instances like this also raise concerns about awareness levels regarding cybersecurity among the general public.

Authorities’ emphasis on verifying identities and exercising caution while engaging online is crucial. More awareness campaigns targeted at educating users of matrimonial sites and social platforms could help mitigate such risks.Further investment in strengthening cybercrime detection infrastructure may provide quicker response times for complaints. This case serves as an urgent reminder for individuals to remain vigilant in protecting sensitive data while navigating digital spaces.

Published – August 29, 2025 | Source: www.cybercrime.gov.in