Cryptocurrency is no longer just a buzzword in India; it’s a fast-growing investment trend attracting traders, professionals, and first-time investors alike. But as interest surges, so does the dark side of digital finance: crypto scams in India are increasing rapidly, leaving thousands of investors at risk.
From fake trading apps and Telegram investment groups to social media ads promising “guaranteed profits,” scammers are finding new ways to deceive unsuspecting users.
Once the money is gone, most victims are left confused about what to do next or where to report the fraud.
If you’ve been a victim of a crypto scam, don’t lose hope. There are official ways in India to file a complaint, escalate your case, and, in some instances, even recover your funds. Here’s a step-by-step guide to help you take action and protect your digital assets.
Crypto Fraud Recovery
Crypto fraud happens when scammers trick you into investing or transferring money with promises of high returns, but disappear once they get the funds.
Common types of crypto scams:
- Fake trading platforms showing manipulated profits
- Ponzi or referral-based schemes
- Phishing websites asking for wallet details
- Rug pulls where project creators vanish overnight
Can you recover your money?
- Yes, if you act immediately, especially if the fraudster used an Indian exchange, UPI, or bank transfer before converting it to crypto.
- Very difficult if the money has already been moved to international wallets, crypto mixers, or untraceable apps.
- Be cautious of “recovery agents” who contact you after a scam and ask for fees. Most of them are running another scam.
How to File a Crypto Fraud Complaint in India?
Here’s the process to follow:
Step 1: Collect Evidence
- Save transaction IDs, wallet addresses, and bank slips.
- Take screenshots of chats, emails, and scam websites.
- Note down phone numbers or email IDs used.
Step 2: Report Online
- Visit the National Cyber Crime Reporting Portal.
- Select “Report Other Cyber Crime then Financial Fraud and Cryptocurrency Fraud under financial fraud.
- Upload your details and evidence
Step 3: Visit Your Local Police Station or Cyber Cell
- File an FIR with all the evidence
- Mention IPC and IT Act sections related to cyber fraud
Step 4: Inform Your Bank or UPI Provider
- Report the transaction to your bank immediately
- Ask them to block or freeze suspicious payments
What Happen After Cyber Crime Complaint?
Once you file a complaint:
- Police and the cyber cell verify your evidence
- Banks or UPI providers may freeze the suspect’s account
- Indian crypto exchanges, if involved, can block linked accounts
- If international wallets are used, the case may go to CERT-In or Interpol, which takes longer
Need Help?
If you have lost money in a crypto scam, don’t panic or stay silent. The quicker you act, the better your chances of recovery. Register with us now.
We help victims understand how to file complaints, collect evidence, and take the right steps. Register your case with us today to get proper guidance and support.
Conclusion
Crypto scams in India are becoming more common, and anyone can fall for them. But silence only helps the scammer.
Report quickly, keep your evidence ready, and avoid falling into recovery scams. While not every case leads to full recovery, the right complaint at the right time can make a real difference.
If you have been scammed, take the first step today—because every hour counts.
