Bank Account Freezed - page 3. | Bitcointalksearch.org

Alert31

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

We really don't know what really happened to you and to your bank account that got frozen. If you didn't something illegal ,you should make a solution for this. If there is no one contacting you from cyber crime department then you should go there and ask help to them on how to get back your frozen account. Only you can solve your problem and i believed you will resolve it as long as you are not found guilty by the cyber crime.

tippytoes

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Quote from: Casdinyard on July 31, 2020, 10:38:51 AM

Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

There could only be 3 reasons why banks froze your account:

Your account was suspicious for doing illegal activities
You have unpaid debts on your creditors
You have unpaid debts on your government

You should know what is happening on your bank account.
In your case, I guess the bank thought that your account was suspicious so they froze it.

You can defend yourself if you knew that you did not do anything wrong.

I agree that you should keep your silence until you get your own lawyer because they are the one who can defend you legally.

And the lawyer will help him communicate with the bank and know the truth about being freezing his account. Because if there's no lawyer, they can say whatever they want, and you as their customer will think of awful things why your account got tagged. Will the OP update us regarding the progress of his case and what's the real reason why the bank did come up to that action?

panganib999

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You better do coordinate with your bank regarding your issue on your bank account because if there is any concern being raised, then you must be the one to talk them regarding your problem and how can you resolve such issue. Basically maybe there is a misunderstanding that happened because if the issue just happened just by this year, on which India have already allowed cryptocurrency in the country so maybe they have not been aware of it or there are other suspicious things that have happened and they are just waiting for you to get them regarding the problem.

The one who can resolve that will be with you and your bank for you have agreed with the terms and conditions applied when you first open up your bank account. The best thing to do is raise your inquiry to the bank itself and ask what happened that make your account frozen for quite sometime. Pretty sure that would be resolve once there is a decent communication between you two.

YOSHIE

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

I did few P2P Trades on P2P Platform. Is that the reason?

I am from INDIA.

OP, Have you found a way to recover, your bank account, which has been frozen.

Because you are with me a different country, do not know exactly how to process your country's Bank (India).
"But I see that there is a similar case like you, maybe you can contact the person below".

Quote from: jaideep10002 on October 06, 2018, 01:09:38 PM

As a P2P trader myself, I know many people who have had their accounts frozen by cyber cell on fraud complaints.

Can you tell me if you recently sold a medium to large amount of BTC to a person through P2P? I can help you out with this.
If you can prove innocence the account will get unfrozen soon enough.

I know many traders who have had this happen.

So far: @ jaideep10002 is inactive from 2019, but you can still try to contact him through his data below.

Quote from: jaideep10002 on October 26, 2017, 10:45:41 AM

https://localbitcoins.com/accounts/profile/jaideep1000/

Note:
Be vigilant, conscientious, of strangers we just met, never send anything of value before your case is finished.

Blank-Head

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As far I know in India Crypto is unbanned now and anyone can use it.So I have there is something misunderstanding with Bank.So first contact with Bank about your problem and hope you will get your account unfreezed.

Ucy

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Is there any law that prohibits online currency trading in the country? You probably should have that at the back of your mind when going for inquiries/questions. Maybe they made some mistake on your account, or its could be due the government extreme posture on cryptocurrency, which I suppose has been relaxed a bit by now.

How do you use banks in the country now? I remember biometric ID was implemented in there not too long ago... which will probably make it hard to open accounts in other banks (assuming it's mandatory to have the biometrics done before owning a bank account.)

prehisto

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Thats weird, just frozen account but no follow form authorites.
But if i recall corectly India has had very irrational attiude towards crypto currencies, it could be that they are cracking down on anyone who uses crypto. Or it could be that the particular exchnage was linked to illegal activity and they are still investigating. The logical thing to do would be contact authorities and try to resolve this.

Viscore

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It is probably that P2P transactions/trades made you suck and caught attention with the bank assuming that there are something suspicious activities of it. It is their call to froze your bank account and reported it to the Cyber Crime to conduct a further investigation and until it was not yet finished and have their final assessment, all your bank transactions will put on hold. You don't have to worry about this if you know yourself that you are not doing any stupid.

Casdinyard

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

There could only be 3 reasons why banks froze your account:

Your account was suspicious for doing illegal activities
You have unpaid debts on your creditors
You have unpaid debts on your government

You should know what is happening on your bank account.
In your case, I guess the bank thought that your account was suspicious so they froze it.

You can defend yourself if you knew that you did not do anything wrong.

I agree that you should keep your silence until you get your own lawyer because they are the one who can defend you legally.

Miaallen

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Activity: 573

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I guess that happens based on the government of your country's policy as regards cryptocurrencies. If you made a withdrawal of Fiat currency from the P2P into your bank account, that may be the reason your account was blocked based on your country's policy as regards cryptocurrencies.

Sadlife

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That's the problem with centralized authority because anytime they can confiscate your money. Maybe email them an inquiry to why your account has been frozen? What are your violations, then if dont show any satisfying proof that you've violated or directly involved in any crimes. You should demand or file a case regarding this issue.

Yamifoud

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I understand that it was not clear for the Cyber Crime group how crypto it works, they only generalize as many illegalities have uses that it caught attention in those who use cryptocurrency and blocked your all transactions. Banks could do nothing with that because they might be in question if they allow it and urge to open it because someone requested. This is also hard when the government don't have support to crypto.

If there is a way to communicate with the Cyber Crime group and tell your side, maybe it could settle it down but the question if they will listen to you or the worst-case scenario if send you into jail directly...that is a big problem.

MCobian

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I'm sure what you mean by cyber crime is the police, who handle crime in the internet and digital world. If my guess is right
chances are you are involved in illegal transactions, not because of P2P trades. Maybe it's still under investigation, so there is
no party who contacted you. You better come to the cyber crime office to ask for an explanation regarding your frozen bank
account. It is impossible for the bank to suddenly freeze your account if there are no serious problems.

pixie85

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Quote from: Quidat on July 30, 2020, 05:39:58 PM

Quote from: elda34b on July 30, 2020, 10:30:12 AM

What does Cyber Crime branch exactly mean? A cyber police on your country? That sounds vague. Pretty sure your own bank are blocking the transactions and not some random third-party. Maybe ask for contact details for the so-called "Cyber Crime" branch and go from there. We can't help much to be honest.

When you do talk about cybercrime then its a division on where police that had been assigned on this field have technical knowledge towards on whats happening online and that would include
crypto into their list but it isnt limited into because all frauds and scams that do happen then they're the ones who do handle it out.This isnt available in most part of the world
on where such division do exist but surely there are several countries had already this kind of group.Bank account freezed? If op do like clear explanation then he should head to
cybercrime division and ask out the whole thing.

If this really is just a police division there should be an attourney or a judge assigned to the case who signed a warrant allowing the bank to freeze funds.

A policeman cannot order a seazure of assets or anything like that.

Some previous posters gave you good advice that you should follow: get a lawyer.

ene1980

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.
I did few P2P Trades on P2P Platform. Is that the reason?
No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

It is really strange because the account is frozen by the bank authorities claiming that they got instructions from cyber crime but they did not even bother to interrogate your about the circumstances and you did not seek clarity regarding the situation either. P2P trading has its risk as you might get hacked money into your account and hence you should only do trades with the sources you trust.

Quidat

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Quote from: elda34b on July 30, 2020, 10:30:12 AM

What does Cyber Crime branch exactly mean? A cyber police on your country? That sounds vague. Pretty sure your own bank are blocking the transactions and not some random third-party. Maybe ask for contact details for the so-called "Cyber Crime" branch and go from there. We can't help much to be honest.

When you do talk about cybercrime then its a division on where police that had been assigned on this field have technical knowledge towards on whats happening online and that would include
crypto into their list but it isnt limited into because all frauds and scams that do happen then they're the ones who do handle it out.This isnt available in most part of the world
on where such division do exist but surely there are several countries had already this kind of group.Bank account freezed? If op do like clear explanation then he should head to
cybercrime division and ask out the whole thing.

adzino

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

Your account got tagged. Highly likely they were tracing some illegal transaction and your account got linked on the process, hence the instruction from the law enforcement to block your account. I doubt you will be able to unfreeze it until the case ends or are able to prove your self innocent.

Quote from: radiojack1 on July 30, 2020, 10:26:25 AM

They said they cant do anything from their side!

They asked me to contact the Cyber Crime Branch. Before I do that i want to know what are the steps to follow...

If I were you, I wouldn't talk to anyone until I got a lawyer for myself. Your lawyer will be able to help you understand your rights properly.

suvo05

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Activity: 1162

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

There was a RBI ban until this year March. The ban has been uplifted by the supremecourt order. Yoy may request bank to reopen your freezed account.

But I am little bit confuse about how they know about the P2P crypto transaction?

GazetaBitcoin

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This is a very low move of many banks lately. In Romania many accounts associated with crypto transactions are closed everyday, with or without a reason. I think the banks already feel how dangerous Bitcoin is for them and do their best to stop it, using more or less ridiculous reasons, such as "we were instructed to do so by our internal Cyber Crime department".

I don't know if a rational debate with the bank will help you recover your account, but I believe it most likely won't. Try to avoid bank as much as possible.

Asuspawer09

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

I think it is because of your trades there are some banks that freezing account if there if it is used in some transaction because they don't know if it the owner is the one who makes the transaction.

it's common when you use a card outside the country without telling your bank usually the bank is going to be freeze, just contact your bank and probably they are just going to ask a few questions.

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