I lost ₹2 lakh in a Karimnagar crypto investment scam that promised guaranteed returns. How can I get my money back?
VE Asked by Veena Shastri from India
Quick Answer
File an FIR at the cyber crime police station in Karimnagar under Section 66D IT Act, 2000 and Section 318(4) BNS, 2023 for cheating.
Detailed Legal Analysis
File an FIR at the cyber crime police station in Karimnagar under Section 66D IT Act, 2000 and Section 318(4) BNS, 2023 for cheating. Report the wallet addresses and transaction hashes to the exchange and to the 1930 helpline to freeze funds.
Preserve all chat messages, contract addresses, and transaction IDs as electronic evidence under Section 63B BSA, 2023. Register the complaint on the National Cyber Crime Reporting Portal.
Note that cryptocurrency is not legal tender in India; recovery is difficult but not impossible through tracing. If the police do not investigate, approach Telangana High Court under Article 226 for a direction.
Refer to Telangana Rent Control Act 1960 for any state financial fraud victim relief scheme.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.