Hyderabad Cybercrime Police Warn Public Against Rising Online Trading and Investment Scams

Hyderabad: The Cybercrime Unit of Hyderabad City Police has issued a strong public advisory warning citizens about a sharp rise in online trading and investment frauds. Scammers are targeting people through social media, Telegram, and WhatsApp, promising high or guaranteed returns in cryptocurrency, forex, and stock trading.

Authorities have urged the public to remain alert, stating that many victims are being cheated using fake trading apps, websites, and dashboards that display false profits.

How Online Trading and Investment Scams Work

According to cybercrime officials, fraudsters follow a well-planned method to trap victims.

Initial Contact Through Social Media

• Victims receive unsolicited messages on Facebook, Telegram, or WhatsApp
• Scammers pose as investment advisors or trading agents
• They promise quick and high returns to gain trust

Small Initial Investment

• Victims are asked to invest a small amount first
• Fraudsters provide constant guidance on WhatsApp, creating a false sense of legitimacy

Fake Profits Shown

• Fake trading platforms show high profits and wallet balances
• Victims are made to believe the money is real and withdrawable

Repeated Demands for More Money

When victims attempt withdrawal, scammers demand extra payments such as:

• Tax charges
• Currency conversion fees
• Withdrawal or compliance charges

Each payment leads to new excuses and fresh demands.

Threats and Coercion

• Victims are threatened with legal action
• Scammers claim funds will be frozen or lost
• Pressure tactics are used to force more payments

No Withdrawal, Only Loss

• Despite showing large balances, no money is ever released
• Victims eventually realize it is a scam and approach authorities

Public Advisory: How to Stay Safe

The Cybercrime Unit has issued the following safety guidelines:

• Verify Before Investing
  Always check if platforms and advisors are registered with SEBI. Avoid links received through unsolicited messages.
• Be Careful of High-Return Promises
  Guaranteed or fast profits are a major red flag.
• Never Share Banking Details
  Do not share OTP, passwords, UPI PINs, or bank details with anyone.
• Do Not Pay Extra Charges
  Genuine platforms never ask for taxes or withdrawal fees upfront.
• Watch for Fake Wallets
  Repeated withdrawal delays indicate fraud.
• Do Not Panic Under Threats
  Legal threats and fund-freezing claims are common scam tactics.
• Report Immediately
  Victims should report frauds by calling 1930 – National Cybercrime Helpline or visiting cybercrime.gov.in.

Act Fast to Prevent Financial Loss

Officials stressed that early reporting increases the chances of recovery and helps prevent others from falling into the same trap.

With online trading and investment scams on the rise, Hyderabad Cybercrime Police have appealed to citizens to stay cautious, verify before investing, and immediately report any suspicious activity.

Follow MunsifNews24x7 for latest updates.