I lost money to a crypto investment scam advertised on social media from Kolkata; what should I do?
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Below is a comprehensive legal analysis based on Indian law for your question.
Crypto investment fraud is prosecuted under Sections 419, 420 of the Bharatiya Nyaya Sanhita and Section 66D of the IT Act for cheating by personation. Lodge a cyber complaint at the Kolkata cyber police station and on the National Cyber Crime portal, attaching transaction hashes, wallet addresses and chat records. The Reserve Bank's advisories make private crypto a regulated grey area, but cheating is fully actionable. The Calcutta High Court can be moved for directions to freeze the proceeds in the offending wallets if police action is delayed. West Bengal Premises Tenancy Act 1997 on money-lending or prize chits may also apply where the scheme promised guaranteed returns. Inform your bank immediately to attempt a recall or chargeback where the channel permits. Engage a cyber lawyer in Kolkata to coordinate with the investigating officer and the exchange's grievance portal.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.