A Digital Trap Unfolds: Man Loses Rs 57 Lakh in Instagram Trading Scam

In a shocking case from Hyderabad, a 60-year-old man from Jubilee Hills lost ₹57.43 lakh in an Instagram-based trading scam. Lured by an attractive ad for a fake platform called "FX Road," the victim was tricked into signing digital documents and making heavy investments, including loans and savings policy withdrawals.The scammers falsely promised profits from trading in crude oil, Tesla shares, and cryptocurrencies. The platform showed fake gains to build trust before demanding further deposits under pressure. Eventually, the victim realized the fraud and reported it via the 1930 cybercrime helpline.📌 Key Highlights:₹57 lakh lost through a fake trading platformScam originated from an Instagram advertisementLoans taken to meet margin callsFraudsters posed as representatives of "Tradebulls"Public warned to verify financial platforms via SEBI👉 Stay alert! Never invest based on social media ads without verifying authenticity.#InstagramScam #TradingFraud #FXRoadScam #CyberCrimeIndia #HyderabadFraud #FinancialAwareness #cyberplatter