A significant cyber fraud case has emerged in Saharanpur, Uttar Pradesh, where a businessman was defrauded of 1.31 crore rupees through deceptive online trading practices. The victim, Anshul Gupta, proprietor of Mangalam Enterprises, unknowingly transferred funds over time into various accounts, believing the promises of high returns on investments. The fraud was executed in such a meticulous manner that the victim did not realize he was being scammed until it was too late.

Anshul Gupta reported that he started investing on an online trading platform on September 29, 2025, which was operating under the names of KuCoin app and MING COIN. Initially, he was assured of substantial profits, which encouraged him to follow the platform's instructions, leading him to transfer significant sums into multiple bank accounts through NEFT and RTGS transactions. This misleading experience continued through October as the promises of returns made by the platform kept him engaged.

Following the realization of being defrauded, Anshul Gupta lodged a complaint with the cybercrime police station. In response, the police registered the case and have begun their investigation, attempting to track down those responsible for the scam. This incident highlights the growing concerns around cybersecurity and the risks associated with online trading platforms, underscoring the need for greater consumer awareness and precautions against such financial crimes.