Hyderabad, July 29 -- Five members of a gang were arrested on Monday, July 28, for duping a man in Hyderabad under the pretext of selling cryptocurrency. Police seized Rs 7.55 lakh in cash from the accused.

The accused were identified as Mohmmed Bilal, Mohammed Abdul Azam, Mohammed Iqbal, Mohammed Jameel Ahmed and Syed Maaz Hussaini.

According to the Tolichowki police, P Sai Prasad Reddy was interested in cryptocurrency deals. While searching online, he came across Syed Maaz Hussaini on Reddit, who introduced him to Syed Irfan, claiming he had USTD worth Rs 10 lakhs and was interested in selling.

Maaz told Prasad that there was a buyer, Irfan, who was willing to sell cryptocurrency worth Rs 10 lakh USDT.

On July 24, Prasad met Irfan a...