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Hyderabad police warn elderly about crypto fraud growing on social media

Commissioner Sajjanar urges citizens to report cybercrime immediately

Cryptocurrency scammers are once again preying on unsuspecting citizens in Hyderabad, with police reporting a sharp rise in fraudulent digital trading schemes. Hyderabad Police Commissioner VC Sajjanar has cautioned senior citizens to remain vigilant after a recent case in which a 75-year-old man from the city lost Rs 1.68 crore to a fake cryptocurrency platform called “Market Axess.”

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According to Commissioner Sajjanar, fraudsters are increasingly masking themselves as financial advisors or online investment consultants to win the trust of older citizens. They often promise high

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