A Hyderabad-based software engineer got scammed for over ₹3.14 crore via a fake portal.
The bogus site, “J7-Legacy Elite,” promised returns until they asked for more money to withdraw.
Victim filed a complaint with Telangana Cyber Security Bureau on September 4.
Case registered under cybercrime and forgery laws—serious charges ahead.
Fake platforms often lure with flashy dashboards and false profits.
Crypto & demat newbies, beware: if precision looks too good, it’s l
ikely a trap.
Always verify platform URLs, SEBI registration, and until proven use test funds.
Telangana cops are tracing bank and message trails to catch the seller.
The lesson: no receipts, no risk—if withdrawal condition is vague, red flags go up.
Stay alert, stay safe—scams today are extremely slick .