Bengaluru: A city-based businessman filed a case in cybercrime police station that he was allegedly cheated of ₹1 crore in an online cryptocurrency deal after being lured into purchasing USDT (Tether) through fraudulent means.

According to the Cyber Crime Police Station,Bengaluru City,the victim, a resident of Vayalikaval,lodged a complaint stating that between January 31 and February 3, 2025,he was persuaded by a man identified as Lakshman (A1) from Madurai,Tamilnadu to invest in USDT through a wallet address.

Later,another accused,Suresh Patel (A2) from Mumbai City,Maharashtra,convinced the businessman saying that,if he buys a large amount of USDT,he will be receiving it at a discount price.

Believing their claims,Pandit adjusted by collecting money from his friend’s total of Rs.1 Cro

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