Darwinex Name Misused in ₹1.14 Million Telegram Forex Scam

A 42-year-old account manager from Chandkheda, Ahmedabad, who works for a private company, lost over ₹1.14 million in an online forex scam run via Telegram.

The victim was contacted in June by a Telegram user named “Athulyanz” and lured into investing through a fake website purportedly linked to “Darwinex Global”. After an initial ₹20,000 investment appeared profitable and was successfully withdrawn, he made further transfers totaling ₹1.16 million between June 6 and August 6 to various bank accounts designated by the scammer.

The scammers later demanded a 30% “tax‘’ of ₹1.082 million to release his funds. Police suspect a coordinated cybercrime ring using Telegram and fake trading platforms, a pattern similar to recent cases across Gujarat.

BrokersView Reminds You

The scam allegedly posed as the regulated broker Darwinex to defraud victims — a common tactic where scammers exploit the names of reputable firms to appear credible. Always verify the authenticity of trading platforms before investing.

Telegram hosts numerous fraudulent investment groups that promise “exclusive trading tips” or “forex signals” with guaranteed returns. These schemes often misuse the names of trusted institutions or public figures to lure investors to fake websites. Victims deposit funds but later discover they cannot withdraw, and the displayed profits are entirely fictitious.

BrokersView has exposed numerous such scams. In September, a couple was defrauded of over ₹10.8 million in a Telegram-based forex trading scam, which operated a website impersonating GO Markets.

Despite warnings and crackdowns by global jurisdictions targeting Telegram-based fraud, these tactics remain widespread. Exercise extreme caution when investment ads on social media lead to Telegram groups or unsolicited messages recommend investment opportunities.

If you fell for a scam, you can Submit a Complaint to BrokersView.