Hyderabad: In a rare breakthrough, the Telangana State Cyber Security Bureau (TGCSB) secured a refund in a cyber fraud case involving an overseas account. Director General Shikha Goel said the bureau recovered ₹2.38 lakh from a Chinese crypto wallet and returned it to the victim. This marked the first cross-border recovery of its kind in Telangana.
Matrimony link turned crypto trap
The case began at Ramagundam CCS on June 12. The victim, a software professional from Mancherial, had created a matrimony profile two years ago. In January 2025, he connected with a woman who introduced herself as Nandita Reddy. She claimed expertise in cryptocurrency investments and persuaded him to make small deposits. To build trust, she allowed him to withdraw limited returns.
Over time, she convinced him to invest larger sums. The victim eventually transferred ₹40 lakh. The fraudsters displayed fake profits of ₹2 crore on the platform. When he attempted to withdraw, they demanded extra charges—withdrawal tax, exchange fees, and surcharges. He paid another ₹6 lakh. In total, he lost nearly ₹87.58 lakh.
Money trail to the Chinese wallet
Cyber investigators traced the funds to an account in the name of Jiang Chuanshuan of China, held on the international OKEx exchange. They issued notices, froze the wallet, and obtained court orders to release part of the funds. The bureau refunded ₹2.38 lakh to the victim.
Officials said recovering money from a foreign citizen’s crypto wallet through an international exchange and returning it to an Indian victim was an exceptionally rare success.
Appreciation for the investigation team
DG Shikha Goel praised Investigation Officer Krishnamurthy, DSP Ranga Reddy, and the crypto analysis team for their persistence. She said the recovery highlighted the bureau’s growing ability to tackle international crypto-related fraud.
