A 51-year-old man from Gandhidham, Gujarat, has fallen victim to a complex cryptocurrency trading scam, losing ₹56.47 lakh after being lured into a fraudulent scheme on the messaging platform Telegram. Kishor Nargundkar initially engaged with a group called ‘Conforge Finance’ where he was promised high returns for investing small amounts of money before losing his entire investment. 38 transactions were made between June 25 and September 8, totaling ₹56.47 lakh, after which Nargundkar realized the scam when scammers claimed additional fees and penalties such as a ₹10.65-lakh fine for non-compliance with trading rules and a ₹4-lakh tax for withdrawals, ultimately leaving him with no funds. The scammers demanded another ₹13 lakh to release his money, prompting Nargundkar to report the incident to the Kutch East Cyber Crime police station. Authorities are investigating individuals Deepa, Anubhav Goyal, and Ashutosh Kumar, along with platforms Conforge Finance and Coinbase, for their alleged involvement in this case.