Man loses Rs 47.47 lakh in cryptocurrency fraud in Thane district

A 38-year-old man from Maharashtra’s Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.

Unidentified persons contacted the complainant, a resident of Dombivli town, through WhatsApp and phone calls between February 22 and March 17, promising him high returns on investing in cryptocurrency, an official said.