Hyderabad: HyderabadPolice Commissioner VC Sajjanar has issued a stern warning to senior residents to be further cautious of fraudulent cryptocurrency buying and selling schemes which are more and more focusing on the aged by way of social media.
The warning follows a latest case the place a 75-year-old individual from Hyderabad was duped of Rs 1.68 crore after falling prey to a pretend crypto buying and selling platform named “Market Axess” operated by scammers.
Commissioner Sajjanar emphasised that fraudsters typically pose as monetary advisors or supply assist to get better previous losses to lure victims into investing in pretend schemes. He urged seniors to not belief unsolicited funding gives or unknown monetary advisors and suggested them to instantly report any suspicious exercise by calling the devoted cybercrime helpline quantity 1930.
The Commissioner additionally highlighted that cybercriminals use refined techniques, together with AI-driven scams and deepfake impersonations, to deceive victims, making it essential for residents to confirm any suspicious requests for cash or monetary data by way of trusted channels.
Authorities have intensified consciousness campaigns to coach the general public on defending themselves from on-line monetary fraud, urging individuals by no means to share delicate knowledge akin to financial institution particulars, OTPs, or Aadhaar data with unverified sources.
