Cyber Crime Published & Fact-Checked 1 Sept 2026

Why do banks put a lien hold on accounts following P2P cryptocurrency trading in India?

Verified Legal Answer • Reviewed by Hire Your Vakeel Legal Panel (Updated for 2026 / BNS & BNSS)

When a scam victim files a 1930 cyber fraud complaint, police trace the fund trail through banking networks. If a scammer bought crypto from you via P2P on Binance/WazirX using victim funds, your bank account automatically receives an automated police lien hold as a secondary or tertiary layer recipient.

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