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Indore Businessman Cheated in Cryptocurrency Fraud

cryptonews100_tggfrn by cryptonews100_tggfrn
September 30, 2026
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Indore Businessman Cheated in Cryptocurrency Fraud
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A dealer was allegedly cheated of ₹3 lakh in Indore’s Annapurna space on the promise of offering cryptocurrency. The accused had earlier received his belief by transferring USDT value ₹10 lakh.

The accused allegedly took ₹3 lakh in money after promising to offer cryptocurrency, however fled with out transferring it. Primarily based on the dealer’s criticism, police have registered an FIR in opposition to Pradeep Bukkad and Vicky Sharma and launched an investigation.

Dealer had recognized accused for 3 months

In line with police, dealer Sunil Chaudhary mentioned in his criticism that he had recognized Pradeep for round three months. They’d first linked via WhatsApp.

In September 2025, Sunil had acquired USDT value ₹10 lakh from Pradeep and Vicky. After receiving the cryptocurrency, he started to belief them.

On September 25, the 2 contacted Sunil on a WhatsApp name and advised him they would offer him with cryptocurrency value ₹3 lakh. They requested him to return to Dashahara Maidan.

Sunil reached the spot together with his good friend Abhishek, the place he met Vicky.

₹3 lakh taken in money, deposited via machines

In line with Sunil, Vicky requested him for ₹3 lakh, which he handed over in money. Vicky then took him in the direction of Axis Financial institution, the place ₹51,000 was first deposited via a machine.

Sunil mentioned he waited in his automobile whereas the transactions have been carried out.

Vicky then took him to Kalani Nagar, the place cash was deposited via three totally different machines. He later took Sunil to a different machine.

After taking the cash, Vicky advised Sunil that cryptocurrency value ₹2.91 lakh can be credited to his account shortly.

Accused allegedly left after making excuses

Sunil waited for the cryptocurrency, however Vicky allegedly stored delaying the switch. He later left the spot on the pretext of getting some work.

Sunil then tried to contact Pradeep and Vicky, however each stopped answering his calls.

Police have registered a case in opposition to Pradeep Bukkad and Vicky Sharma based mostly on Sunil Chaudhary’s criticism. The police are investigating the accused and the transactions linked to the alleged fraud.



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