<p>Mangaluru: A 43-year-old <a href="https://www.deccanherald.com/india/karnataka/bengaluru">Bengaluru</a> businessman, hailing from Ichalampady in Kadaba taluk of Dakshina Kannada district, lost over Rs 1.05 crore while allegedly attempting to trade in Crypto currency.</p>.<p>According to the complaint filed at a Dakshina Kannada Cyber Economic and Narcotics Crime Police Station, the man, named P G Saji, was asked by a user named Ayaka Watanabe on Telegram to download Binance App and Defi App. He was asked to do so to help invest in crypto currency. </p><p>Accordingly, he downloaded the app from the App store of his iPhone. Later, he was asked to created wallets on both apps, which he did using his mobile number and e-mail id.</p><p>Once done, an unknown person informed him about trading and exchange using a website and token address. Accordingly, he transferred Rs 1,05,79,711 from his two bank accounts and lost the money in the name of crypto currency trading. </p><p>A case has been registered under Sections 66(D),66(C) of the IT Act and IPC Sections 420 and 417.</p>
<p>Mangaluru: A 43-year-old <a href="https://www.deccanherald.com/india/karnataka/bengaluru">Bengaluru</a> businessman, hailing from Ichalampady in Kadaba taluk of Dakshina Kannada district, lost over Rs 1.05 crore while allegedly attempting to trade in Crypto currency.</p>.<p>According to the complaint filed at a Dakshina Kannada Cyber Economic and Narcotics Crime Police Station, the man, named P G Saji, was asked by a user named Ayaka Watanabe on Telegram to download Binance App and Defi App. He was asked to do so to help invest in crypto currency. </p><p>Accordingly, he downloaded the app from the App store of his iPhone. Later, he was asked to created wallets on both apps, which he did using his mobile number and e-mail id.</p><p>Once done, an unknown person informed him about trading and exchange using a website and token address. Accordingly, he transferred Rs 1,05,79,711 from his two bank accounts and lost the money in the name of crypto currency trading. </p><p>A case has been registered under Sections 66(D),66(C) of the IT Act and IPC Sections 420 and 417.</p>