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Bengaluru lecturer loses bitcoins worth Rs 10 lakh to fraudster who offered help on app

Finance
(This story originally appeared in on Mar 17, 2021)BENGALURU: A 38-year-old lecturer who was new to the cryptocurrency world lost bitcoins worth Rs 10 lakh to a fraudster who had promised to handle his cryptocurrency account. Ramesh J (name changed), a resident of Palace Gutahalli and lecturer with a private college, lodged a complaint with Central CEN police on Saturday. According to the complainant, the incident took place on February 22. Police sources said Ramesh recently logged in to CoinSwitch Kuber, a trading platform to buy, sell and manage cryptocurrency. In order to understand the trading process, he also logged in to a few cryptocurrency rooms on Telegram mobile application, where people would share their views. An account hacker who messaged Ramesh personally said he could han...