Telegram Bitcoin scam targets Indian man, Rs. 70 lakh lost

Published at 2026-02-07 10:15:24

An Indian national has reportedly been defrauded of approximately Rs. 70 lakh (around $77,300) in a Bitcoin-related scam conducted through Telegram, according to reports dated Feb. 7, 2026. The victim transferred funds after interacting with accounts offering crypto services, a scenario that mirrors other recent incidents where scammers exploit trust and urgency to prompt irreversible Bitcoin transfers.

The loss underscores how messaging apps remain a fertile ground for social‑engineering attacks against crypto users, with the speed and finality of Bitcoin transactions amplifying financial damage. The episode adds pressure on platforms, exchanges and regulators to strengthen protections, while serving as a reminder for users to verify contacts and exercise caution before moving funds.

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