Cyber Crooks Loot Two Victim of Rs 1.39 Crores
Fake trading platforms and hacking of shipping portal lead to major financial losses
Hyderabad: A city resident was duped of Rs 72 lakh in a sophisticated stock trading scam, while a firm lost Rs 57 lakh after hackers gained unauthorised access to its shipping portal.
In one instance, a 59-year-old resident of Secunderabad fell prey to a fraudulent investment scheme that began with a Facebook post masquerading as a reputed brokerage firm. The victim was redirected to a WhatsApp group where fraudsters, impersonating senior market executives, gained his trust with stock tips and IPO strategies.
Lured by artificial profits displayed on a fake "prime" trading dashboard, the victim invested heavily. The fraudsters later used high-pressure tactics, claiming "credit score issues" and "VIP membership charges," to extract more funds.
When the victim attempted to withdraw his supposed earnings, the group became inactive. Realising he had been cheated of Rs 72 lakh, he approached the cybercrime authorities.
In the second case, a 45-year-old businessman from Begumpet reported a breach of his company’s website.
On November 23, 2025, unidentified hackers gained access to the firm’s backend system used for courier shipments. The accused carried out multiple unauthorized wallet recharges and transactions, causing a loss of Rs 57 lakh, a press release issued by Arvind Babu, DCP cybercrime on Thursday stated.
