A 45-year-old woman from Worli, working as an insurance agent, lost Rs 13.08 lakh in an alleged cyber fraud that continued for over a month. The fraudsters lured her into cryptocurrency trading and investment activities by promising easy money and quick returns.

According to the cyber police, the accused posed as representatives of a company called “LTC COIN” and initially approached the woman with a part-time online job offer involving simple Telegram-based tasks. Police said the fraudsters later operated through Telegram groups, fake trading mentors and a bogus crypto dashboard to allegedly lure the victim into cryptocurrency trading and convince her to transfer money into multiple accounts.