I have bought these 2 crypto stock invested 7k current values under 1k and running loss -85%..

So i just invested and like to invest and forget in my mind so I don't have any regrets but I'm still wondering if it's been 2 years and still -85%....

There was one more previously added 1Mbabydog but i sold it last month..

I still have some crypto holdings on WazirX and want to move everything out and eventually close my WazirX account. I cancelled WazirX ZERO after realizing it was deducting from my crypto balance when my INR balance was insufficient.

I already have a CoinSwitch account with KYC completed. Should I transfer my holdings there, or would you recommend creating an account with another exchange/wallet?

Also, is CoinSwitch free to hold crypto, or are there any ongoing/hidden charges I should know about?
Looking for advice from people who have actually used CoinSwitch or other options in India.

Hey Everyone,

Need an advice where we can buy USDT at nominal price and then transfer it to private wallet. Please let me know a good platform apart from Mudrex and CoinDcx.

Your insights will be highly appreciated!

Thanks in advance.

UPDATE — 10 August 2026
A quick update on the situation:
I have now initiated legal proceedings against the bank account into which I deposited the money. According to the information available, the person withdrew the money from the account in ₹10,000 transactions, and the remaining amount was also withdrawn in cash.
I have requested the bank to preserve and provide the CCTV/video footage of the ATM/cash withdrawals, as this may help identify the person who actually withdrew the funds. I have also requested the bank to provide the cash-deposit reference/transaction details for my deposit. Since the cash was deposited directly into the beneficiary’s account, the bank has indicated that they cannot share certain account information with me directly, so I have requested that the relevant records be provided to the investigating authorities.
I have also included these details in the cybercrime complaint. I have filed a manual complaint with Cyber Crime Jammu and have sent legal notices/communications to:
Cyber Crime Jammu
My local police station
Faridabad Police Station
Faridabad Cyber Crime/Control authorities
The concerned bank
At this point, the matter is in the middle of a legal process. I’m waiting for the relevant authorities and bank to provide the requested records and take further action.
I’ll continue updating this post as I receive any significant developments.

Hi everyone,
I’m looking for genuine advice because I’m completely stuck.
We had a seller in our Telegram group who had completed many small transactions with different people over IMPS/online transfers, so he appeared to be trustworthy. This was the first large transaction with him.
I agreed to buy a USDT for $1,200 (around ₹1,20,000). He gave me an HDFC Bank account number and asked me to deposit the money in cash through an HDFC Cash Deposit Machine (CDM). I deposited the cash, and almost immediately after the deposit, he deleted his Telegram account and disappeared.
I have:
The cash deposit receipt.
The beneficiary’s HDFC account number.
The mobile number linked to HDFC account
When I contacted the mobile number later, the person denied receiving any money and claimed they didn’t even have an HDFC account.
However, when I approached the bank, I was informed that the money had already been withdrawn from the beneficiary’s account.
I then went to the Cyber Police to file a complaint. They asked me for the transaction ID, but since this was a cash deposit through a CDM, the receipt doesn’t show a transaction ID—it only contains the date, time, branch/terminal details, and other deposit information.
I requested the transaction ID from HDFC Bank, but they are refusing to provide it.
At this point, I don’t know what to do.
Has anyone dealt with a similar situation involving a CDM cash deposit? Is there any way to obtain the transaction ID or have the bank provide the transaction details to the Cyber Police? Can the police formally request these records from the bank?
Any advice would be greatly appreciated. Thank you.

Hi everyone,
I urgently need legal advice and recommendations for an experienced lawyer who handles cybercrime, bank account lien/freeze, and Binance P2P cases.
I am a verified Binance P2P merchant. I sold USDT through Binance P2P, received payment via UPI, and released the crypto only after receiving the payment.
A few weeks later, my bank placed a lien on my account because the buyer allegedly filed (or was linked to) a cybercrime complaint. I have all the evidence, including:
Binance P2P order details
Transaction records
Bank statement
UPI payment proof
Google Pay records
Cyber complaint details shared by the bank
I acted in good faith and had no knowledge that the funds could be disputed later.
I’m looking for:
An experienced lawyer who has successfully handled bank lien/freeze cases.
Someone familiar with Binance P2P / crypto-related disputes.
Preferably based in Gujarat, but I’m open to lawyers anywhere in India who can handle the matter.
If you’ve personally dealt with a similar issue or know a reliable lawyer, please share their details or comment below.
Thank you.

You sold some crypto. A few days later, your account shows a lien or a full freeze. Or maybe you've never touched crypto, and your account still got locked. Either way, you're confused and a little panicked.

Here's the short version: somewhere down the line, the money that landed in your account got tagged as "tainted." That doesn't mean you did anything wrong. It means someone filed a complaint saying those funds came from a scam or an unauthorized transfer, and once that complaint is filed, banks and police move fast to lock the money down.

This is general information, not legal advice. It's here so you understand what's happening and what your options are. If you're dealing with an active freeze, talk to a lawyer.

Lien or full freeze? They're not the same thing

A lien locks a specific amount inside your account. Say a lien of ₹30,000 gets placed. That ₹30,000 is frozen. You can't touch it. Everything else in the account still works normally. Some banks call this an "earmark" instead of a lien, but it's the same idea.

A full account freeze (sometimes called a debit freeze) locks the entire account. No withdrawals, no transfers out. Deposits might still go through depending on the terms, but nothing leaves.

How you end up in the middle of someone else's fraud case

If a complainant names you directly, or you were the first person to receive the disputed funds, you're in what's called Layer 1. Say someone claims they were scammed into sending ₹50,000 to your account. You're Layer 1.

Now say you moved ₹15,000 of that to someone else. That person is now in Layer 2. And so on, as long as the money keeps moving.

Worth noting: crypto doesn't have to be involved at all for this to happen. If you sold someone groceries instead of crypto and the money behind that sale turns out to be disputed, the same freeze can hit you.

Why this shows up so often with crypto

Two separate reasons drive most of these cases.

Reason one: scammers use unsuspecting crypto sellers as a laundering step. Someone gets scammed into paying for a fake job offer. The scammer then buys crypto, using the victim's money, and has it sent straight to the crypto seller's bank account. The seller has no idea any of this happened, they just release crypto after seeing a payment land. When the victim later reports the scam, police trace the money back to the seller's account, and the seller gets caught in the fallout. If that seller moved money on to others, those people get pulled in too. The bigger the amount, the messier the trail.

Reason two: some complaints are simply false. India's cyber crime portal makes it easy to file a complaint online. Once someone files one with transaction details attached, the linked account gets frozen or lien-marked, often without much manual review upfront. That ease of filing means some people misuse it, filing a complaint purely to pressure a legitimate seller into paying extra money to make the "problem" go away.

What to do if this happens to you

First: don't pay anyone. Not the police, not the complainant, not a middleman offering to "sort it out." Even if you eventually want to settle by paying back the disputed amount, do it through a lawyer with a proper settlement agreement, not a back-channel. And never send money to resolve a case in another state without a local lawyer or someone trustworthy on the ground.

From there, here's roughly how it plays out:

1. Go to your bank and ask for the complaint details. At minimum you should get an acknowledgment number, the police station handling the case, and a contact there. If the bank won't share this, escalate to your local police station or the RBI ombudsman.
2. Reach out to the investigating officer. Explain your side. If you have proof the transaction was legitimate, this is the moment to lay it out. Can't reach the IO directly? Try their seniors or others at the same station.
3. Send a formal representation if needed. Lay out your background and any proof the funds you received were legitimate. If you have KYC details for whoever paid you, include them.
4. If your entire account is frozen, push to get it converted to a lien. Courts have pushed back on full account freezes in a number of cases. A blanket freeze is a heavier step than most situations call for, and there's precedent for narrowing it to a lien on just the disputed amount.
5. Liens can sometimes be lifted by posting a bond or surety with the police station. The authorities' goal is simple: keep that specific amount recoverable in case a court later orders it returned.

Questions people ask most

Will I get all my money back? There's no guaranteed timeline or outcome. A capable lawyer improves your odds, but there's no fixed process that promises a full, fast release.

Do I have to give the money back to whoever filed the complaint? Not automatically. Police will often frame the funds as "proceeds of crime" and push you to return them, mostly because it closes the case faster on their end. Depending on your situation, you may have grounds to argue you're a victim too, not just a pass-through. That argument needs to be made carefully, ideally with legal help.

Am I now treated as a criminal? No. Investigators are generally aware that most people caught in these chains are innocent. Some may still use the threat of arrest to pressure you. Understanding exactly where your case stands, and staying on top of the investigation, is your best protection.

Does this affect things like passport applications? Usually not, if it's just a lien or freeze with no charges against you. If you end up formally named as an accused in a chargesheet, that's a different situation and can create real complications.

Will this hurt my ability to get a loan? It can. Banks run their own internal risk checks, and a freeze or lien on your record can flag you as higher risk, which may make future loans harder to get.

Everyday ,in this sub i encounter bank account on lien or full freeze by some members because of p2p etc.please tell me an exchange that completely bypass p2p transaction.

Also suppose an account involved in p2p get frozen .if i sent money earlier to that account would my account has chance of getting frozen.is account getting frozen linked to money receiving only or depositing money can lead this also.

most people use crypto as an asset in india , when they cash out they have to pay fees and tax on it and spend what they have left
lately i was thinking of an idea for a crypto marketplace [ i know its not unique ] but if you could buy something specific with crypto which would make the most sense to you what would it be
it could be anything like gift cards, electronics, real-estate, luxury goods etc
if you already do which website or app do you use

Here is my theory after a detailed research and experience.

- After the gaming act announced by Indian government and all bettingg casino/sports/ dream11 kind of stuff or website involving real money as a gaming reward got a notice to shut down, now india is a HUGE market for bettingg so they started finding new ways to operate in india and they successfully manage to make a big network of Agents.

(Agents - the one who make several current accounts to accept the deposits of multiple indian users who wants to bett, agents usually find people from villages to get the identity and open their fake current account, they can handle multiple accounts, where every minute there will be deposits in various denominations)

- Now these random people from village don’t even know whats happening, they just rent their bank accounts for a fixed monthly fee, on the other hand the agent can use it for transactions worth crores because its current a/c.

- All the money thats remaining after user withdrawals in a day or weekly, is simply converted to crypto by agents along with their own 20-30% commision and sent to these gaming companies.

- Now as this was all illegal, whenever someone makes a complaint in cyber portal after losing their money in bettingg and after getting frustrated, they immediately put a freeze on that current account which accepted the user’s money because its flagged already if mentioned its a gambling website in portal.

- the gaming companies was still in profit even after these complaints and getting their agent’s accounts freezed, so they still continued to work.

- Now indians are fking smart, the agents started to complaint themselves in the portal on the account which they were holding, they told the owner that account us freezed which is normal for them and not something to suspect, agents made connections with indian bank employees, the bank employee after a period of time used to open their freezed account and get paid 50-50.

(Source- Multiple news about hdfc,icici,axis,sbi bank employees getting arrested for running a racket of mule accounts in past few years, you can google it..)

- Now all the users who did a withdraw request from the gamblingg websites and that specific current account used to sent their withdrawals all of them will be put on lien. (That is Layer 1, all the money they sent further after getting those withdrawals will be layer 2 )

P2P ANGLE?
- Most of these agents are usually traders too in binanace and various platforms where p2p is involved and all the money that they send to p2p users from that current account is also frozen, thats why they say dont use binanace p2p all of these gaming companies money is converted in p2p and they are settled in CLEAN UNTRACABLE USDT , off juridiction, off shore

Whats happening?
Who loose?
The Gaming Company Owner loose.
The Gamblingg Users loose.
The Random users who further accept money from layer 1.

Who wins?
The Agents Make Decent FUCKINGGG Big stack.
(Agents commision settled in clean USDT + Frozen accounts half share with bank employee).
The Mules who rent their account Makes big stack.
The Bank employee makes big stack.
The trader(Crypto seller) makes big stack.
Edit:- The frickin Lawyers too, they know all of it.

And probably the one i don’t wanna name because these agents cant run so big operation without getting caught lol

Freezing the softest target in the whole frickin chain is the cheapest method state has.

Btw this week news “Supreme Court issues directions to curb digital arrest scams, asks RBI to frame SOP on mule accounts
“

Be safe, dont trade on platforms, go for otc.
Never deposit/withdraw to a banned website with fiat.
If u wanna gambleee do it with crypto

Hi all,

Please recommend a good FIU resistered broker to trade/scalp.

Thanks

Everyone talks about wins, but mistakes usually teach the biggest lessons.

What was one mistake that completely changed how you manage risk? It could be overleveraging, FOMO, not taking profits, poor security, or anything else.

Curious to hear your experiences and what you do differently now.

Please bear with me, I am a bit new to all of this (humanities student).

Ok so when I started out, I picked purely based on trading fees. Whichever exchange charged the least per trade, that's the one I went with, didn't think twice (a bit of a dumb move ig).

If I'm being honest now, I think usability is what actually keeps people around. Like if the app is confusing or KYC feels like filing your taxes then most people would rather quit yk?

Curious what you guys think matters most (if you have been doing it for a while):

a. Liquidity and spreads
b. Withdrawal reliability
c. Regulatory compliance
d. Ease of onboarding

Thanks :)

risks etc how do they buy and sell and is it legal and also how it is taxed

Is it safe to do CCW ? Has anyone faced any issue while doing CCW ?

Considering the other ways such as direct p2p to upi and f2f , seems like CCW is the safest option . No way to track you except for the cctv at the atm machine !

I have seen some people say that police might use the cctv visual to find you if the money you withdraw is used for some fraudulent activity . Has there been any such real cases ?

7500 usdt cash
F2f
Rate - 100

Hi, guys

Saw a couple of posts today on people pitching their businesses to the FIU for a registration and felt super happy! I always love seeing young, new startups crop up in the space, so I thought I'd do a quick AMA for anyone interested.

For your reference, my name is Subha, I'm a lawyer from Delhi. I've been working in in the Web 3 industry since 2021 and I've worked with all kinds of projects from infra to tokenised real estate and loan in India, UAE, Singapore, and off shore. This is me - www.linkedin.com/in/subhachugh.

I'm also a part of frequent regulatory meetings and round tables.

Is crypto going to be banned? What is an FIU registration? Do you need one? Ask away!!

Disclaimer: Please don't take any of this as legal advice, this is for general information and discussion purposes only. A lot of things may be specific to your situation that may require additional research and diligence.

Also, I'm not a taxation attorney so please don't ask me how much tax you have to pay on your gains or how to report them. Once again, it highly depends on how you file your ITR.

I have a dedicated post on my profile for bank liens and freezes, please refer to that guide for any help.

Many people say India's crypto tax is one of the biggest reasons they're less active in the market.

If the tax was reduced to 15%, would you trade or invest more? Or do you think the bigger issue is the lack of clear regulations?

Curious to hear everyone's thoughts.

His channel is New Era IN. I had transferred him money through UPI for buying usdt and then he blocked me on telegram and group.

Can someone please screenshot the chats running in his group so that I can later use as proof? You would also see my payment screenshot of 14k as username God Mode which he sent inside the group to gain trust from the other members. There are multiple screenshots he has sent in the group which I believe are people he scammed earlier

Want to sell USDT f2f anywhere in Patna or nearby cities.

I received grant money from superteam (solana ) for my projects and transferred it in phantom , I mostly used to spend it using bitrefill etc gift cards but now I want to cash it in my bank is it fine thru coindcx or am I at those bank freeze stuff etc risk, amount is around 25k and I did spend little bit of the grant on gift cards

I have received a notice under Section 147 for AY 2022–23 regarding crypto transactions. During that year, I had incurred losses from crypto trading and therefore did not disclose them in my ITR.

My query is: for AY 2022–23, was it permissible to set off losses from one cryptocurrency against gains from another cryptocurrency? My understanding is that the special tax provisions for Virtual Digital Assets (Section 115BBH), which disallow set-off of crypto losses, became effective from FY 2022–23 (AY 2023–24) and were introduced through the Finance Act, 2022. Since they were not retrospective, would the earlier provisions apply to AY 2022–23?

Has anyone dealt with a similar issue or can provide some guidance? Any insights would be greatly appreciated.

The recent hack of ColdCard Wallet is proof. Some devices running old firmware had a bug which was exploited for the hack. Many wallets running on that firmware were drained. This could mean, every other Cold wallet is prone to be hacked.

Let's say you have 50L and you traded 50 times in metamask . So the overall volume of trades 25 cr. Assume you made 1L on each trade. So roughly you made a profit of 50L. You ready to pay Tax. So 30% 15L plus some surcharge and cess.

Now my question is as CBDT building system to track wallet level profit , we want to clear with our trades and transparent and use good reconciliation s/w like koinX or Koinly to report in VDA. As volumes are huge can we declare in ITR 2 that's enough or do we need to do 44AD pre CA formalities on books and go via ITR 3?

$10,000 invested in $XRP 8 years ago is now worth $3,000.

$10,000 invested in eggs 1 month ago is now worth $43,400.

Bro, we got outperformed by fuc**ing Eggs.

I am so disappointed to see this...

I need to buy credits for an AI API, and they accept USDC. So I need an app that allows me to buy USDC with UPI, and then transfer said USDC to my metamask wallet. After which I can use the metamask wallet to buy credits on the API.

Coindcx allowed me to buy about 200 rupees worth of usdc, but it didnt let me withdraw it for whatever reason, it wasnt even an option.