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Market News

Indian Gynecologist Loses $132k in Facebook Crypto Scam

The scam included buying cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT, with constant requests for more money.

Written By:
Ronak Kumar

Last updated: October 28, 2023 1:20 PM
Published 2023-10-28
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Indian Gynecologist Loses $132k in Facebook Crypto Scam

A gynecologist in Mumbai, India, lost more than $132,000 in a cryptocurrency scam after being lured by a person claiming to be a crypto expert named Melissa Campbell. The doctor met Campbell on Facebook, where she offered to help him with crypto investments, according to a report by The Times of India.

The doctor trusted Campbell and shared personal information, including his mobile number, email, and driver’s license. He followed her advice and created a crypto trading account, invested over Rs 1.1 Cr ($132k)  in cryptocurrencies like Bitcoin, Ethereum, and USDT.

As time went on, Campbell persuaded the doctor to transfer his cryptocurrencies to another wallet, promising bigger profits through trading. When the doctor wanted to withdraw his supposed profits, Campbell told him he needed to pay taxes and commissions.

Desperate to access his profits, the doctor borrowed $33,636 from a friend to cover these costs. However, Campbell continued to demand more money, raising the doctor’s suspicions.

Almost a year later, the doctor reported the scam to the police, and an investigation is underway for cheating under the Indian Penal Code.

Also Read: Cryptocurrency Fraud Hits 1,000+ Police In India

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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