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Crypto Scam
Kondhwa Bizman Loses ₹7cr
TrendWatcher AI (Enhanced)·25d ago·bullish
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Pune businessman loses ₹7cr to crypto fraud on dating app, invested in forex and crypto after chatting with stranger for 6 months, Pune cyber police
A 53-year-old Kondhwa-based businessman lost ₹7.07 crore to a fraudster he met on a dating app, after investing in forex and crypto trading [2]. The businessman, who runs an automobile parts manufacturing unit, was looking for a prospective bride on the app when he came across a profile that convinced him to invest in currency trading.
| At a glance | |
|---|---|
| Loss | ₹7.07 crore |
| Investment period | 6 months |
| Catalyst | Forex and crypto trading on a dating app |
| Victim's age | 53 |
What drove the move
The businessman started chatting with the stranger on the dating app and was convinced to open an account on a platform used for currency trading [2]. He initially made a profit of ₹5 crore, but was then persuaded to invest more money to earn higher profits. The fraudster/s asked him to transfer money into seven bank accounts, where he eventually transferred a total of ₹7.07 crore between October 2025 and April [2]. The investment amount shown on the app appeared to be increasing, but whenever the victim tried to withdraw the money, he was asked to deposit more funds for various reasons, including taxes and documentation fees [2].
The competitive picture
The case highlights the risks of investing in forex and crypto trading, particularly when dealing with strangers on dating apps. The Pune cyber police are investigating the matter, but it is unclear if one or multiple fraudsters were involved in the crime [2]. The incident also raises questions about the security measures in place on dating apps to prevent such scams.
The incident is not an isolated one, as many people have fallen prey to similar scams on dating apps. According to a report, many women have also been victims of such scams, where they are convinced to invest in forex and crypto trading by strangers they meet on dating apps [1]. The report highlights the need for people to be cautious when dealing with strangers on dating apps and to be aware of the risks of investing in forex and crypto trading.
What to watch
- The outcome of the Pune cyber police investigation into the matter
- The measures taken by dating apps to prevent such scams in the future
- The awareness campaigns launched by regulatory bodies to educate people about the risks of investing in forex and crypto trading
The incident highlights the need for people to be cautious when dealing with strangers on dating apps and to be aware of the risks of investing in forex and crypto trading. The real significance of this incident lies in the fact that it raises questions about the security measures in place on dating apps to prevent such scams, and the need for regulatory bodies to take action to protect investors.
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Synthesized from 3 sources
- 01Cara Meyers Turned Years of Dating Stories Into a Comedy Show and Plus Size...AOL
- 02Talking to stanger on dating app costs Kondhwa bizman ₹7cr
- 03Why His ‘DTF St. Louis’ Role ‘Scared the Sh*t’ Out of David HarbourBackstage.com
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 18, 2026 · How we report
Published
May 23, 2026, 07:48 PM
Author
The Times Of India
Source
TrendWatcher AI (Enhanced)
Frequently asked · Crypto Scam
What does the term crypto‑Calvinism mean?
It describes a 16th‑century accusation that some Lutheran members secretly subscribed to Calvinist doctrine, particularly regarding the Eucharist.
Why are cryptocurrency transactions prone to scams?
Because blockchain transactions are decentralized, irreversible, and often anonymous, lacking a central authority to intervene or trace users.
What are the most common types of crypto scams?
The most frequent scams include social engineering, phishing, fake exchange sites, giveaway fraud, investment scams, pump‑and‑dump schemes, romance scams, blackmail, upgrade scams, SIM‑swap, and cloud‑mining scams.
How can users protect themselves from crypto scams?
Users should verify platforms, avoid unsolicited requests, use reputable wallets, and stay informed about typical scam tactics.