How to deal p2p bank freeze through district court or consumers court
4 months ago
My current bank account was frozen by the cyber cell, which is located 900 km away from me. There is no mistake on my part; the freeze occurred due to the sale of peer-to-peer crypto assets. It was done at the fifth layer in the chain freeze. How can I address this matter through the district court or consumer court?
A.Dear client,
You cannot go to the civil court or consumer court for this.
What you have to do is to get the copy of the police instruction from bank basis which the debit freeze is done.
Once you have that you or we on your behalf can communicate to the police with explanations and seek removal of debit freeze.
You cannot go to the civil court or consumer court for this.
What you have to do is to get the copy of the police instruction from bank basis which the debit freeze is done.
Once you have that you or we on your behalf can communicate to the police with explanations and seek removal of debit freeze.
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A.Dear Client,
Incidentally, crypto currency/asset trading is neither illegal nor it is regulated by any specific legislation yet in India. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime including crypto currency scams or complaints online. However, when one is a victim of scams and frauds while trading in crypto currency, is advised that when any suspicious activity is detected in a trader’s exchange wallet, they should contact the customer service of that exchange, and voice their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving crypto currency trading is reported online to NCCRP, on the instruction of Cyber Crime Cell, the victim's Bank account is frozen/inoperative putting a lien on the account by the Bank and you have to wait for the completion of the investigation of the scam by the investigating agency. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim. you may visit the cyber crime cell of the Police for further clarifications and necessary guidance in the matter and extend your cooperation to get yourself free from cyber scams. You may also consult with a cyber crime expert for further guidance and suitable steps.
Incidentally, crypto currency/asset trading is neither illegal nor it is regulated by any specific legislation yet in India. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime including crypto currency scams or complaints online. However, when one is a victim of scams and frauds while trading in crypto currency, is advised that when any suspicious activity is detected in a trader’s exchange wallet, they should contact the customer service of that exchange, and voice their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving crypto currency trading is reported online to NCCRP, on the instruction of Cyber Crime Cell, the victim's Bank account is frozen/inoperative putting a lien on the account by the Bank and you have to wait for the completion of the investigation of the scam by the investigating agency. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim. you may visit the cyber crime cell of the Police for further clarifications and necessary guidance in the matter and extend your cooperation to get yourself free from cyber scams. You may also consult with a cyber crime expert for further guidance and suitable steps.
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