Hyderabad, Sept. 8 -- Two residents of Hyderabad were duped of Rs 1.65 crore in two cases of Cyber fraud involving crypto currency.

In the firs case, a Hyderabad based businessman lost Rs 1.38 crore in a fake stock trading scam. The 48-year-old victim is a resident of Vanasthalipuram was reportedly duped of Rs 1.38 crore after falling prey to a fraudulent online trading group.

The victim was initially added to a WhatsApp group run by individuals identified as Mukesh Kumar Sharma and Surbhi Gulshan Singh Sobti. The businessman also joined another group which promised to give stock trading tips.

Initially, the victim was advised to invest small amount of money, which earned him profits quickly.

On July 21, he invested Rs 50,000 and was ...