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The Times of India
The Times of India
National
Nishikant Karlikar | TNN

Cyber crime averted as youth gets back Rs 5.24L

THANE: The Thane cyber crime managed to recover Rs 5.24 lakh belonging to a 23-year-old man, who was duped by fake bitcoin trading app luring victims to ‘work from home and earn extra income’.

The police said that the victim, a resident of Lokmanya nagar, used to surf the internet on his mobile phone and while watching videos online, he came across various posts on social media about the investment opportunities in bitcoin and tried them out last week.

“The attractive advertisement offered good income by investing lesser amounts and getting more returns,” said a police officer.

The victim invested Rs 12.5 lakh by using the mobile app and waited for the ‘promised’ income to be paid by these. Later, he realized that he had been cheated when his money was not transferred. He filed a complaint at the Vartak Nagar police station.

The officials of the cyber cell immediately acted and retrieved the sum of before it could be diverted anywhere else. “It was the Nodal officer at the e-wallet bank who helped get the money back. The victim was saved from being cheated of the sum of Rs. 5.24 lakhs,” said Sunil Lokhande, DCP EOW.

The police are probing into retrieving the balance amount which was lost in the transaction. Further investigations are underway.

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