I have done trades with listed ads. Means i sell btc from my mining income with listed ads. Mostly small amounts as i withdraw from cloud mining contracts. I preferred ads with trade history of minimum 1000 trades with 100% good reviews. Also trade volume is not huge . Majority of them are active now. By the way i have stopped trading in lbc and moved to exchange. Zebpay and unocoin are available right now. I thought they are not providing services like changing btc into fiat.  By the way they are working fine now and plan to leave peer to peer platforms and they are not feeling safe. Also amount is my bank is not a big amount. So i plan to call bank manager frequently and wait for an update from my bank instead of spending a lot to lawyers .  

Somehow managed to get email from branch manager and emailed twice to the police station registered that case. Its far from my place. No one replied to my email and i clearly specified i'm willing to provide all details of transactions from and to my account. Also called to their number and provided account details. The sad fact is they don't even talk english or no one know in their office.  Somehow managed to inform about the issue and their reply was not overwhelming and just casual as we will check.

Just made an enquiry regarding same to an advocate and he told its usually happen anytime in India . He know tons of guy lost their account while doing business and no followup from anyone after blocking accounts.

Bank manager said that he don't have any idea about transaction details. No one called from cyber police regarding same. So only option is to wait for a call from them or for next update from bank. I have read several forums that cyber police freeze updates and no followups after that. In India things are pretty slow. 

Yes. Waiting for the update from bank. Its really pathetic without asking or informing before suspending bank account.  I have all the receipts and history of local bitcoin chat. If someone asked me amount it i will handover and easily find the scammer who did this. Better use zebpay or unocoin.

They haven't gave any informations about transactions. Id they provide details, i can easily find that scammer's lbc account and report the authorities and lbc team.

Hi,

Few days ago my state  bank of India account  was hold with a lien marked 999999. I have contacted with my branch manager and he told that account is  hold by cyber crime due to fraudulent activity and couldn't remove hold without investigation complete. I have traded in localbitcoins few months ago and all trades i have done with verified profiles with more than 1000 trades and reviews. Anyone faced similar issue? is any way to solve it and back my bank account?   I never imagine such an issue because all trades i have done with great profiles listed there with good review.

Thank You