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Russia has called on the United States to explain what it described as “contradictory signals" about a possible return to nuclear testing, warning that such a move could provoke serious global consequences. The comments came after US President Donald Trump ordered the American military last

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Pune cybersecurity expert loses ₹73 lakh in WhatsApp trading scam

Posted By: Jaydatt Chaudhary Posted On: Oct 18, 2025Share Article
Pune cybersecurity expert loses ₹73 lakh in WhatsApp trading scam
A Pune cybersecurity expert lost ₹73 lakh in a WhatsApp trading scam.

A cybersecurity professional from Pune has fallen victim to a sophisticated online investment scam, which led him to lose Rs. 73.69 lakh. Despite his knowledge of online safety, he was tricked into transferring money to multiple bank accounts in cities such as Chennai, Bhadrak, Ferozepur, Ulhasnagar, Pimpri-Chinchwad, and Gurugram. The case highlights the rising number of fake trading platform scams circulating in India, which attract people with promises of high returns.

The incident began in August when the victim received a WhatsApp message from an international number containing a link. Clicking the link added him to a group chat with over 100 members sharing screenshots of alleged profits from a stock-trading app. The group administrator instructed him to fill out a registration form and log into the app, claiming he would receive exclusive trading guidance.

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Between August 8 and September 1, the victim made 55 separate transfers totaling Rs. 73.69 lakh to various accounts across several cities. When he attempted to withdraw his reported balance of Rs. 2.33 crore, the scammers demanded a 10% tax payment before processing the withdrawal. Only then did the victim realize he had been defrauded and filed a complaint with the Pune Cybercrime Police.

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Investigators say these scams often appear as legitimate investment communities on WhatsApp or Telegram. Scammers impersonate SEBI-registered advisors or foreign investors and ask users to download apps that imitate genuine trading platforms. Victims believe they are trading real stocks or IPOs until the apps disappear when they attempt to withdraw funds. Despite repeated warnings from SEBI and law enforcement, these scams continue to affect even trained professionals.

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Authorities advise citizens to verify investment platforms, avoid unsolicited financial offers, and never transfer money to unknown accounts. Additional precautions include updating device security, using strong passwords and two-factor authentication, monitoring bank accounts for unusual activity, and staying informed about the latest online scams.

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Russia has called on the United States to explain what it described as “contradictory signals
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Russia has called on the United States to explain what it described as “contradictory signals" about a possible return to nuclear testing, warning that such a move could provoke serious global consequences. The comments came after US President Donald Trump ordered the American military last

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