Local reporting documented a recent case in which an individual in Nagpur was duped of approximately Rs1.5 crore in a cryptocurrency investment scheme. The incident follows a steady flow of similar investment and social‑engineering crypto frauds across India.

A high-value local victim report published Nov 28, 2025 details how a businesswoman in Nagpur fell prey to an investment-style cryptocurrency scam that resulted in a loss of roughly Rs1.5 crore. According to the coverage, the scam used classic social-engineering tactics: the victim was approached with promises of high returns, provided persuasive onboarding materials and platform access, and was steered into transferring funds to wallets controlled by the fraudsters. Investigators are treating the case as part of a broader trend of MOM-style and pig-butchering campaigns where long grooming and fabricated trading dashboards lull victims into sending increasingly larger sums. While there was no single global “rug pull” event reported in the same 48-hour window, regional and individual crypto frauds remain frequent and costly. Authorities and consumer groups advise exercising extreme caution with unsolicited investment offers, verifying regulatory registrations, avoiding pressure to transfer assets quickly, and using only well-known exchanges for crypto purchases. Victims should preserve transaction records and report incidents to local law enforcement and the exchange or wallet provider. (Source: Times of India, Nov 28, 2025)