Hyderabad, July 15 -- A 68-year-old resident of Darulshifa lost Rs 1.46 lakh to cybercrime after responding to a YouTube advertisement promising profits of Rs 50 lakh upon buying a Rs 20 coin.

According to reports, the victim came into contact of man named Raj Gyani through a number provided in the advertisement. The fraudsters asked the victim to make several payments, starting with Rs 1,500, to create a file and then subsequently duped him of Rs 1.46 lakh.

Eventually, the victim realized that he had been tricked when the fraudster demanded an additional Rs 1 lakh.

Cybercrime police have issued an advisory warning the public against online scams, especially those promising high returns through investments into currency coins.

They ha...