My bank Account is freezed
1 month ago
Hi Team, I received a mail from CBSSBI Alerts has my bank account is hold for recent amount credited where holded for 499, when i contacted bank they mentioned in my recent credit of Rs4800 out of which 499 seems to be fraduent amount and cyber cell has hold the account. I dont know what ia the exact reason and in bank they gave chattisgarh location has hold the account with contact number. I received this amount out of online job i paid 3000 for binance trading and they paid me back with profit. I have all the proof and communication chats I had with them. When I call the number or email them, there is no reply. How to handlw this situation, i did not cheat any one where I myself paid my amount on Binanace trading and got it return with profit. Please let me know how to take this issue. My bank account is hold from Feb 28. I even dont know hindi to speak with the people
A.Dear Client,
Binance trading or cryptocurrency trading is not explicitly illegal in India, and as of now, there is no specific legislation regulating it. However, it's important to note that the government recently blocked access to the websites of major global cryptocurrency exchanges, including Binance, Kucoin, and OKX. This action was taken after the government issued show-cause notices to these exchanges for non-compliance with the country's money laundering laws.
To address issues related to cryptocurrency scams or fraudulent activities, individuals can report cybercrimes, including those involving Binance trading, through the National Cyber Crime Reporting Portal (NCCRP). This portal is an initiative of the Government of India to facilitate the reporting of cybercrimes online.
In the event of being a victim of scams or frauds related to cryptocurrency trading, it is advised to contact the customer service of the respective exchange, such as Binance, and raise concerns with their representatives. Seeking assistance and justice through legal channels in India is crucial.
Once a cybercrime report is filed online with the NCCRP, and upon the instruction of the Cyber Crime Cell, the victim's bank account may be frozen or rendered inoperative. This action is taken by the bank to put a lien on the account during the investigation. The length of time required for the investigation can vary based on factors such as the complexity of the case, available resources, and victim cooperation.
For further guidance and clarifications, victims can visit the cybercrime cell of the police. It is essential to cooperate fully during the investigation process. Any gains from fraudulent transactions may lead to legal consequences if proven during the investigation of the scam.
Binance trading or cryptocurrency trading is not explicitly illegal in India, and as of now, there is no specific legislation regulating it. However, it's important to note that the government recently blocked access to the websites of major global cryptocurrency exchanges, including Binance, Kucoin, and OKX. This action was taken after the government issued show-cause notices to these exchanges for non-compliance with the country's money laundering laws.
To address issues related to cryptocurrency scams or fraudulent activities, individuals can report cybercrimes, including those involving Binance trading, through the National Cyber Crime Reporting Portal (NCCRP). This portal is an initiative of the Government of India to facilitate the reporting of cybercrimes online.
In the event of being a victim of scams or frauds related to cryptocurrency trading, it is advised to contact the customer service of the respective exchange, such as Binance, and raise concerns with their representatives. Seeking assistance and justice through legal channels in India is crucial.
Once a cybercrime report is filed online with the NCCRP, and upon the instruction of the Cyber Crime Cell, the victim's bank account may be frozen or rendered inoperative. This action is taken by the bank to put a lien on the account during the investigation. The length of time required for the investigation can vary based on factors such as the complexity of the case, available resources, and victim cooperation.
For further guidance and clarifications, victims can visit the cybercrime cell of the police. It is essential to cooperate fully during the investigation process. Any gains from fraudulent transactions may lead to legal consequences if proven during the investigation of the scam.
Helpful
Helpful
Share
A.Dear Sir,
You have to check with concerned Police and see that your name should not be included in future documents of the Police like charge sheet etc.
You have to check with concerned Police and see that your name should not be included in future documents of the Police like charge sheet etc.
Helpful
Helpful
Share
A.Dear Client,
Incidentally, Binance trading or cryptocurrency trading is neither illegal nor it is regulated by any specific legislation yet in India. However, access to websites of top global cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin, OKX, and others, was blocked in India a few weeks ago. This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws. 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 involving Binance trading, 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/Binance 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 proven on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
Incidentally, Binance trading or cryptocurrency trading is neither illegal nor it is regulated by any specific legislation yet in India. However, access to websites of top global cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin, OKX, and others, was blocked in India a few weeks ago. This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws. 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 involving Binance trading, 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/Binance 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 proven on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
Helpful
Helpful
Share
Read Related Answers
lost money to a consulting firm assuring job
Dear Client,
Please file a cyber complaint for online fraud and scam. The national cybercrime hotline number is 155260. File your online fraud complaint at https://cybercrime.gov.in/ Keep validating...
Regarding fraud payment issue by skillnation
Dear Sir,
Fees refund: Should students sue education institutes and can they do so? Yes!
Courtesy: (Dushyant K Mahant, is Founding Partner of Mahant & Mahant
•
Law is on the side of students who wan...
Online Job
http://interfraud.org/ni_fake_jobs.htm
The fake job offer fraud.
They promise a job - but first you must pay. Please do not send money via Western Union.
This page: The fake job fraud, see also I...
UPI Cyber Crime EPFO related
Dear sir,
you must pursue the matter in person so that you can clarify all the doubts of investigation officer. Immediately approach the nearest cyber police station.
Bank not responding to court's order of release amount hold
Dear Sir,
You may inform the concerned Court about such any action by the Bank and also send a legal notice and thereafter approach High Court.
Read Blogs on Cyber Crime
Cyber Crime Lawyers
Find Lawyers by Location
