account blocked due to Crypto currency Exchange
3 months ago
Sir, i have crypto currency investments, while exchanging the currency i have got fraudulent amount came due to that, my account got blocked.
when ever i have asked with cyber police official to unfreeze the account, they are telling i have to pay back money that how much i have got through that transaction,
How will i pay my money that i have got it from my investments.
please help me on this.
A.Dear Client,
Incidentally, cryptocurrency/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 cryptocurrency scams or complaints online. However, when one is a victim of scams and frauds while trading in cryptocurrency, 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 raise their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving cryptocurrency 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. Any earnings or gains arising out of fraudulent transactions shall cause you to face legal consequences, if proved on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
Incidentally, cryptocurrency/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 cryptocurrency scams or complaints online. However, when one is a victim of scams and frauds while trading in cryptocurrency, 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 raise their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving cryptocurrency 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. Any earnings or gains arising out of fraudulent transactions shall cause you to face legal consequences, if proved on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
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A.Dear Client,
If you've encountered fraudulent transactions in your cryptocurrency investments leading to your account being blocked, it's essential to take a strategic approach. Firstly, document and gather evidence of the fraudulent transactions, such as transaction records, communication with the exchange, and any relevant details. Engage with the cyber police, providing them with a comprehensive overview of the situation, emphasizing that you are a victim of fraud.
Simultaneously, contact the cryptocurrency exchange platform where the fraudulent transactions occurred. Report the issue to their customer support, detailing the unauthorized transactions and the resulting account blockage. Many exchanges have support teams to address such issues.
Additionally, consider seeking legal advice from a professional specializing in cryptocurrency and cyber fraud. They can guide you on the best course of action, potentially involving legal measures to resolve the matter.
Lastly, prioritize securing your account through enhanced security measures, such as two-factor authentication, to prevent further unauthorized access.
Thankyou
If you've encountered fraudulent transactions in your cryptocurrency investments leading to your account being blocked, it's essential to take a strategic approach. Firstly, document and gather evidence of the fraudulent transactions, such as transaction records, communication with the exchange, and any relevant details. Engage with the cyber police, providing them with a comprehensive overview of the situation, emphasizing that you are a victim of fraud.
Simultaneously, contact the cryptocurrency exchange platform where the fraudulent transactions occurred. Report the issue to their customer support, detailing the unauthorized transactions and the resulting account blockage. Many exchanges have support teams to address such issues.
Additionally, consider seeking legal advice from a professional specializing in cryptocurrency and cyber fraud. They can guide you on the best course of action, potentially involving legal measures to resolve the matter.
Lastly, prioritize securing your account through enhanced security measures, such as two-factor authentication, to prevent further unauthorized access.
Thankyou
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