Bank Account Freezed

[KrisAlex18]

If there is still no one contacted you despite of the present issue in relation to the freezing of your bank account, better do make your own move of going into your bank personally to ask for the problem on why they have done such thing without providing a notice sent to your given contact details because normally they will notify you about the issue your bank account is facing through and will ask to see you at their office to submit a report to clear things out and once you failed to do such it is their move to do what is in the rules written under the terms and conditions applied on creating your account on which maybe you have got a problem.

If they fail to provide you reasonable explanation of why they did that, then get yourself into a legal consent from an attorney to raise up an appeal so that you can do something about the problem. If it is about doing transactions on cryptocurrencies and you are from India, then you do really have to seek legal consultation for I know India have already allowed cryptocurrency in their country aside from using it to purchase goods and services. Maybe there is just a misunderstanding on the part of the bank which you must know about and that must be put under negotiation to solve the problem.

[noormcs5]

Many crypto accounts can also be frozen, so unfortunately in this crypto and banks are similar.

No crypto account can be frozen because crypto is decentralized.

However if you keep your crypto funds in centralized location and then it gets frozen, then this is only your mistake for trusting a centralized wallet for a decentralized currency.

[bayu7adi]

I will not insult the bank, because I also use current banking services for work purposes. What I do if you are in your position is, come to the relevant bank office, then ask customer service about the problem that has occurred.
If there is an error that can be forgiven, surely the bank will unblock your account,
but an unforgivable serious suspicious offense, such as being detected to be a fraudulent account, then say goodbye to the bank.

And if you feel that you have been wronged by a large amount of money, then the legal route is the last way to get justice

[k@suy]

Many crypto accounts can also be frozen, so unfortunately in this crypto and banks are similar.

No crypto account can be frozen because crypto is decentralized.

However if you keep your crypto funds in centralized location and then it gets frozen, then this is only your mistake for trusting a centralized wallet for a decentralized currency.

I am strongly agree to you buddy. If you'll gonna ask me? I don't trust banks co'z I dont want to be compromised because I had an experience regarding on account freeze and it takes to long before they fix your concern and that's annoying. Everytime I am withdrawing my coins here, I'm keeping it inside my pocket instead of putting it inside the banks or exchangers because I don't trust any of these.

[Botnake]

They said they cant do anything from their side!

At least you know, bank are just also following orders from authorities and since they received order from the cyber crime about your specific account, then they will implement it as they are in control of your money.

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

I think every country does not have a uniform law, the only thing I can advise to you is just to follow the advise of the bank, that you give you a clear insights regarding your problem, you don't have to fear if you are not guilty of anything illegal.

[Timzim103]

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.

Looks like OP hasn't logged in since the day this was posted.

I'm guessing a bit here based on the vague details, but it sounds like he sold crypto on a peer-to-peer platform and allowed buyers to pay him using bank transfers. The risk with this is that the buyer may have transacted with a hacked bank account. By the time the bank realized or was notified of what was going on and froze OP's bank assets, the criminal was long gone with OP's crypto coins. Now the bank will confirm the theft and attempt to refund the defrauded bank account customers. OP's funds will remain frozen until that is resolved. It could take months. Meanwhile, OP may also lose access to the banking transfer services he was using to do these transactions, not to mention his money and his coins.

Things to do to resolve the problem:

1. Contact the P2P platform and make them aware of the issue. At least, the P2P may ban the hacker, but that is of little help to the OP.

2. Contact the bank's fraud department and give them an honest of full report on the transactions. Explain to them what you were doing with details, not some vague explanation as was posted here. You will need to do this in writing and send it to the bank's fraud department agent working on your case.

3. Explain that you were defrauded. Explain that you did not know you were dealing with a dishonest customer.

4. Request that your banking privileges be restored.

5. The fraud department at your bank may request that you personally prove that the transactions were not fraudulent. That will be impossible given the anonymity of the transactions and the fact that the P2P platform will probably not cooperate with the investigation. Furthermore, you will have a hard time finding any police agency willing to help you.

6. After you've done all that, just wait. After some time has passed, your bank funds - what's left of them - will be released. You will have to call the bank fraud department from time-to-time to get status on the situation. Eventually, they will release the balance of your funds after defrauded account holders have been refunded.

7. Don't do this anymore. Find a legit service that can exchange your coins for money if that's what you need. P2P bank transfers isn't it.

[supine]

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 never experience it but I also heard a lot of issue as you've faced here in my country.
There are so many people that got their bank account freeze because of a crypto transaction and I also heard that some of them are only using crypto on trading sites.

[seramania]

does your country ban crypto? If indeed your country prohibits crypto, it is natural if your account is frozen because you are transacting on crypto exchanges. because it could be illegal according to the government in your country. so the solution comes to the bank and asks for an explanation regarding the problem

[rs2142]

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.


Hello i faced the same problem ,did your problem resolve ??

[wildan88]

Considering the continuation of his starting post, it doesn't seem resolved. Or it has been resolved and he does not find it relevant to post anymore. If you find yourself in such a situation, I would always hire a lawyer.
You will also have to come to the bank for an interview, and then you will have to sign a statement stating your story. Of course you know whether you have done something criminal or not, but in any case you should get a lawyer. This does not always have to be because you are guilty, but he can also point out your rights and he also knows which rights banks have.
Banks naturally like to bluff to clean up their own house and to blame the customer.
From time to time, really high fines are handed out at the bank. That is not without reason.

[proTECH77]

For the bank to freeze you account show that, there is something the customer care are not too clear with in your last transaction that is making them to suspect you account as those fraudster user. I don't think you have any problem about that, if you known your hands are clean with the wrong transaction the bank saw before freeze you account.
I know India bank system very well, if it come to wrong transaction that they are not to clear with, the next thing is to freeze the account expecting the owner to come and explain  how come about the transaction. Once the bank discover that the transaction is a genuine one, the account will be release in 24 minutes for the owner to have access to his money.

[Nhor1011]

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.

That's why I also hesitate to use bank to keep my funds from crypto because they will surely freeze your account with out any reason and their reason is cyber crime or because of anti money laundering law. Why not go to your bank and ask why your account got frozen so that you will know what is the reason for this.

[SaShiRaJaVu]

That's why I also hesitate to use bank to keep my funds from crypto because they will surely freeze your account with out any reason and their reason is cyber crime or because of anti money laundering law. Why not go to your bank and ask why your account got frozen so that you will know what is the reason for this.

So how are you exchanging to fiat. It is a really old thread and he did not update about the situation after that, i do not think that he will be under any problem if he has not done anything wrong and all you need to do is to approach the bank and sort out the issue and be transparent as you can and have a response to every question they ask about the funds you are getting in your account.

[Xxmodded]

Currently in my country there are many cases of customers who lose money in the bank, even the nominal loss is very large, some have lost up to 22 billion, a very large number considering the BANK is the safest reference for saving money. However, there is an advantage that customers often have problems with money that is lost when deposited in the bank, which provides an opportunity for bitcoin to become a very safe storage area, only we ourselves manage it without any other party knowing the contents of the balance that we store in the wallet. But you have know what is risk when investing or saving your money in the cryptocurrency because you will know with bitcoin as fluactive value, some time going up and down.