A man loses Rs 10 lakh in a bitcoin exchange and fabricates a narrative

A man loses Rs 10 lakh in a bitcoin exchange and fabricates a narrative

The money was lost in bitcoin trading by a Vasai merchant who reported to the police on Monday that he had been stolen of Rs 10 lakh by an unidentified individual on a motorcycle.

The Vasai police discovered that Sumant Ligayat, a supermarket supplier, had put money aside for his daughter’s wedding next month. He tried to make additional money by speculating on bitcoin, but he lost all of his money. He didn’t want his family to know, so he went to the cops and made up a tale about being robbed.

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