Indian retirees lose over Rs. 3 crore in fake crypto and stock trading app scams

Indian police reported multiple fraud cases in which retirees were targeted through bogus crypto and stock trading applications, with individual losses ranging from tens of lakhs to more than Rs. 1.25 crore. In incidents recorded between late December and mid-January, victims were enticed via WhatsApp groups and fake trading dashboards that showed inflated balances but blocked withdrawals, prompting authorities to urge citizens to seek professional help before investing.