Archive · 24 Dec 2025
Hyderabad Techie Loses Rs.1.04 Crore in Fraud, Ends Life
A 35-year-old man from Hyderabad lost a lot of money, ₹1.04 crore, in a bitcoin scam.
He met the fraudsters on a matrimonial website.
They promised him profits and asked him to invest more money.
When he tried to withdraw his money, they asked for more fees.
He couldn't get his money back and sadly, he ended his life.
The police are now investigating the case.
A 35-year-old IT employee from Hyderabad lost ₹1.04 crore in an online bitcoin investment scam.
The fraudsters contacted him via a matrimonial website and promised high profits.
He initially invested ₹1.1 lakh and was shown small profits to gain his confidence.
The fraudsters demanded increasing amounts under various pretenses to prevent withdrawal.
The victim died by suicide and a case has been registered with the Cyberabad cybercrime police.
- Who
- A 35-year-old IT employee from Gajularamaram, Hyderabad
- What
- Lost ₹1.04 crore in an online bitcoin investment scam and died by suicide
- When
- December 20
- Where
- Hyderabad, India
- Why
- Fraudsters promised high profits from cryptocurrency investment and demanded increasing fees for withdrawal
Victim's Perspective
Fraudsters' Perspective
Initial Investment
Victim's Perspective
The victim was promised small profits to gain his confidence.
Fraudsters' Perspective
The fraudsters used initial small profits to lure the victim into larger investments.
Withdrawal Demands
Victim's Perspective
The victim was repeatedly asked to pay additional fees to withdraw his money.
Fraudsters' Perspective
The fraudsters demanded increasing amounts under various pretenses to prevent withdrawal.
- Victim's Age
- 35 years
- Victim's Profession
- IT employee
- Location of Residence
- Gajularamaram, Hyderabad
- Initial Contact
- Matrimonial website
- Total Amount Lost
- ₹1,04,30,830
- Investigation Agency
- Cyberabad cybercrime police
