- This topic has 11 replies, 8 voices, and was last updated 1 year, 2 months ago by
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EBetween July and November 2024, I was involved in crypto trading. I primarily used two bank accounts — my mother’s and my own. I used **Binance**, which operates legally in India as it is **registered with the FIU-IND**, to convert INR to USDT. I then used this USDT to trade on **Exness**. My mother’s account was used since it had sufficient funds, while my own account was linked to all trading platforms. Occasionally, I transferred funds directly from Exness to our bank accounts.
On 07/04/2025, my mother received a notice from the Cyber Police, Sindhudurg, and her bank account was subsequently frozen. My account, however, remains operational for now.
>Cyber Police Station, Sindhudurg District is investigating into case registered at Kudal Police Station wide Cr No. 29/2025 u/s 316(2), 318 (4), 3(5) of BNS r/w sec 66(C) (D) of Information Techology Act 2008 on date 31/01/2025 against unknown accused regarding cheating by personation by using computer resource. The accused has defrauded to the plaintiff of Rs 42,41,483.74/-.
>1) Lien Marked Amount 3,49,997/- furnish the account statement from date 01/09/2024 to Till date.
I am seeking clarification on what this “lien” specifically implies. Does it mean that we are required to repay this amount (which I currently do not have), or is this simply an amount flagged as suspicious (since there is no transaction of exactly Rs. 3,49,997/- in our records)?
To clarify:
I have **never engaged in any illegal activity or had any such intention**. My trading was purely for investment purposes, without any motive to defraud or deceive.Some well-wishers are assisting me, but since this falls under a relatively new category of cybercrime, even they are finding it challenging to navigate. **Therefore, I sincerely request guidance from an experienced or knowledgeable person in this field.**
I have also been advised to consider filing a counter-complaint at my local cyber police station, as my account has been frozen despite having no direct involvement in any unlawful activity.
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CLien is a hold set on your account for a specific amount. You will not be able to withdraw that much sum from your account. The cyber crime department makes the bank mark hold on accounts which have received money from account which have been generally used for money laundering or other illegal activities. The way it works is once they find a illegal account, they start tracing all the outward transaction and mark hold on all the beneficiaries. I think the layer of transaction may go upto 7th or 8th person even.
You need to visit your nearest cyber crime department for further details on the hold. Or you could ask the bank to provide u the complaint details by which they marked the hold.
Im not sure if this is related to crypto or not. You’ll have to enquire with the authorities to find out
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PYea lots of folks facing same problem as you especially if you have done p2p.
search r/CryptoIndia , you will see plenty of threads with people with same issue.
[https://www.reddit.com/r/CryptoIndia/comments/1egqnlh/ama_account_freeze_got_my_account_unfreezed_after/](https://www.reddit.com/r/CryptoIndia/comments/1egqnlh/ama_account_freeze_got_my_account_unfreezed_after/)
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SI have just seen your comments against some reddit woman. Maybe dont give opinions about anything to anyone for sometime. You need to recover
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BNAL-
### 1. **What Does “Lien Marked Amount” Mean?**
The term **”lien marked amount”** refers to a legal claim placed on an asset (in this case, a bank account) due to an ongoing investigation. It doesn’t mean you owe this amount, but rather that this specific amount has been flagged as suspicious or connected to the ongoing investigation.
In your case, **₹3,49,997** is flagged in relation to the investigation of fraud (cheating by personation, possibly involving crypto transactions). It appears that **this amount is tied to the case**, either as part of the fraud investigation or as a sum the authorities believe might be linked to the defrauded money.
However, **this does not mean you owe this amount directly** unless it’s proven that the funds were used in the fraud. It’s more likely that they’ve frozen this amount for investigation purposes, to trace and verify whether your account or transactions were involved in fraudulent activity.
### 2. **Investigating the Fraud Case**
– **Case Registration**: The case has been registered under sections related to cheating by personation (using someone’s identity or resources for fraudulent purposes). It seems that the authorities are investigating a specific incident where a person was defrauded of **₹42,41,483.74**.
– **Crypto Connection**: The fact that you used Binance and Exness for trading does not inherently mean you’ve been involved in fraudulent activities. However, because cryptocurrency transactions are difficult to trace and sometimes used in scams, the authorities might be investigating how these platforms were used, including whether funds were routed through accounts like yours.### 3. **What to Do About the Lien and Account Freezing**
– **Furnish Bank Statements**: The notice asks for bank statements from **01/09/2024 to the present**. You should provide these documents immediately to the authorities, as they are asking for them to verify the source of funds and whether they are linked to fraudulent transactions. It’s critical that you provide all the requested documentation to avoid any legal complications.
– **Clarify Your Involvement**: Since you have **never engaged in illegal activity** or fraudulent transactions, you should explain this clearly in any communications with the authorities. You may want to do this in writing, ensuring that you emphasize:
– Your legitimate use of cryptocurrency for **personal investment purposes**.
– You have not been involved in any **fraudulent activity**.
– Your understanding of the legal status of the platforms you’ve used (Binance, Exness) and that they are not inherently illegal.### 4. **Filing a Counter-Complaint**
Filing a counter-complaint at your **local cyber police station** could help clarify your position and assert that you are not involved in any criminal activity. This is especially important since your **mother’s account has been frozen**, even though you have no direct connection to the fraud.– **Report Your Concerns**: When filing a counter-complaint, explain that you were unaware of any fraudulent activity involving the amount in question, and that your actions were solely for legitimate investment purposes.
– **Document Everything**: Keep records of all communications with the police, including emails, messages, or phone calls. If you have any documents that prove your legitimate trading, such as transaction history from Binance or Exness, present these to the authorities as well.### 5. **Steps to Take:**
– **Contact a Lawyer**: Considering the complexity of the case and the involvement of cybercrime law, **consulting a lawyer** specializing in cybercrime or financial fraud would be crucial. A lawyer can help you understand your rights and the steps you need to take to resolve the situation.– **Keep Communication Professional**: Stay calm and professional in all interactions with the police, the cybercrime authorities, and your bank. They may still be investigating the case, but it’s important to maintain transparency and cooperation.
– **Escalate If Needed**: If the situation is not resolved in a reasonable time frame, you can consider escalating the matter to higher authorities, such as the **RBI** or the **banking ombudsman**, explaining your situation and your lack of involvement in any fraudulent activity.
### 6. **Possible Outcomes**
– **Refund of Funds**: If it’s confirmed that the funds were wrongly linked to fraudulent activity and you’re proven to have been an innocent party, the lien should be removed, and your account should be unfrozen.
– **Recovery of Frozen Amount**: The bank might unfreeze the amount after the authorities verify that you were not involved in the fraud. If the funds are linked to you but you were not involved in fraudulent activity, this should be rectified with the proper documentation.The main thing is to **stay calm**, cooperate fully with the police, and keep all your communications and transactions well-documented. **Consult a lawyer** to navigate this more effectively, as they will help ensure your rights are protected and assist in handling any legal complexities. By taking these steps, you can clear your name and resolve the situation properly.
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