Hyderabad, April 25 -- The Cyberabad Cybercrime police detected nine cases between April 15 and April 24, resulting in 14 arrests, a majority linked to trading fraud.

One of the major cases detected by the police involves a Rs 1.88 crore trading fraud operated through Instagram advertisements, emails, and WhatsApp, where fraudsters posing as crypto trading experts used a fake AI-based trading platform 'Naka Solutions' to cheat a Hyderabad resident.

According to the police, the victim had come across an Instagram advertisement for an AI-based crypto trading platform, 'Naka Solutions', after which he was contacted by fraudsters through phone and email, asking him to create an account on a fake trading application through an unverified lin...