Archive · 1 Feb 2026
Hyderabad Techie Loses ₹38.3 Lakh in Love Scam
A 35-year-old software engineer from Hyderabad wanted to get married and posted a profile on a matrimony website.
A woman responded, and they started talking on WhatsApp.
She told him she and her family were experts in cryptocurrency and could make a lot of money.
She said he had to invest in cryptocurrency for their marriage to happen.
He believed her and started investing money, even borrowing some.
The platform showed he was making a lot of profit, but when he tried to withdraw more money, his account was frozen.
The scammers asked for more money, and that's when he realized it was a scam and went to the police.
A 35-year-old software engineer lost ₹38.3 lakh in a cryptocurrency scam.
The scam started after he posted a matrimonial request on a website.
A woman responded and convinced him to invest in cryptocurrency.
He invested a total of ₹38.62 lakh, including borrowed money.
The platform showed profits but froze his account when he tried to withdraw more.
- Who
- A 35-year-old software engineer from Hyderabad
- What
- Lost ₹38.3 lakh in a cryptocurrency scam
- When
- Between November 16, 2025, and the time of reporting
- Where
- Hyderabad, India
- Why
- Due to a love scam where the fraudster pressured the victim into investing in cryptocurrency
- Victim's Age
- 35
- Victim's Profession
- Software Engineer
- Total Loss
- ₹38.3 lakh
- Initial Investment
- ₹1 lakh
- Total Invested
- ₹38.62 lakh
- Purported Profits
- ₹1.08 crore
- Withdrawn Amount
- ₹31,758
- Additional Amount Demanded
- ₹21.58 lakh