Cryptocurrency has become a popular investment in India and worldwide. Unfortunately, this rise has also given birth to sophisticated scams targeting investors. Fraudsters use fake platforms, deepfake endorsements, phishing links, and Ponzi schemes to trick people into transferring money or crypto assets. Victims often find it extremely difficult to trace or recover their lost funds without legal and forensic assistance.
In such cases, consulting a cyber crime lawyer for crypto fraud recovery is essential. Advocate Deepak, one of the best cyber crime lawyers in India, has extensive expertise in handling crypto investment scams, wallet thefts, and blockchain fraud investigations, helping victims recover their money legally.
How Crypto Investment Frauds Are Done
Criminals exploit the lack of awareness and the complexity of blockchain technology. Common fraud techniques include:
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Fake Crypto Exchanges or Wallets: Fraudulent websites/apps mimic real platforms and steal login details or private keys.
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Rug Pulls: Fraudsters launch tokens, attract investors, and then withdraw liquidity, leaving tokens worthless.
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Ponzi Schemes: False promises of fixed or guaranteed returns, often disguised as “AI trading bots” or “automated platforms.”
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Phishing and Social Engineering: Fake KYC requests, SMS, or emails designed to obtain OTPs or private keys.
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Impersonation Fraud: Criminals use fake identities or AI-generated voices to pose as government officials, investment advisors, or company executives.
Legal Provisions for Crypto Fraud in India
Even though India does not have a dedicated cryptocurrency law, existing statutes provide remedies. Some key provisions include:
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Indian Penal Code (IPC):
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Section 406 – Criminal breach of trust
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Section 409 – Criminal breach of trust by banker or agent
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Section 415 & 420 – Cheating and dishonestly inducing delivery of property
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Information Technology Act, 2000:
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Section 66C – Identity theft
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Section 66D – Cheating by personation using computer resources
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Other relevant laws: Depending on the fraud, sections of the Indian Evidence Act and banking regulations can also apply.
What To Do Immediately If You Are Scammed
Acting quickly can increase the chances of recovery.
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Stop all transactions – Do not send further money or crypto.
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Collect evidence – Save transaction hashes, wallet addresses, emails, screenshots, and chat logs.
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Inform your bank/payment gateway – Request freezing of linked accounts immediately.
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File a complaint at the National Cyber Crime Portal – www.cybercrime.gov.in
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Call the National Cyber Crime Helpline (1930) – Report the fraud to initiate quick action.
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Lodge an FIR at the nearest cyber police station – Register the case under appropriate IPC and IT Act sections.
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Consult a cyber crime lawyer – For drafting complaints, tracing transactions, and representing your case before authorities and courts.
Step-by-Step Guide for Crypto Fraud Recovery with Advocate Deepak
Step 1 – Initial Consultation
Advocate Deepak evaluates the case, verifies documents, and prepares a detailed evidence checklist.
Step 2 – Banking and Payment Intervention
Legal notices are sent to banks and payment gateways to freeze suspicious accounts.
Step 3 – Filing Complaint & FIR
A legally framed complaint is filed on the cybercrime portal, followed by an FIR with the cyber cell or local police.
Step 4 – Blockchain and Digital Forensics
On-chain analysis is conducted to trace wallet movements, identify exchanges, and preserve digital footprints.
Step 5 – Preservation Notices
Exchanges, hosting platforms, and registrars are served legal notices to preserve user data and prevent further transfers.
Step 6 – Agency Coordination
Close liaison with the Cyber Cell, Enforcement Directorate, and Economic Offences Wing for large-scale or cross-border frauds.
Step 7 – Civil and Criminal Remedies
Parallel action is taken to prosecute offenders criminally and seek civil recovery through injunctions and freezing orders.
Step 8 – Recovery or Settlement
Funds are recovered either through court orders, negotiation, or settlements depending on the nature of the fraud.
Safety Tips to Prevent Crypto Scams
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Never trust platforms promising guaranteed or extremely high returns.
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Verify the legitimacy of apps and exchanges before investing.
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Do not share private keys, OTPs, or seed phrases.
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Avoid investing through links received on WhatsApp, Telegram, or unknown websites.
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Double-check the authenticity of endorsements or investment advice.
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Keep strong cybersecurity hygiene – use hardware wallets and enable two-factor authentication.
Advocate Deepak – Best Cyber Crime Lawyer for Crypto Fraud Recovery
Advocate Deepak is a highly experienced cyber crime lawyer in India, holding qualifications in B.Sc, LLB, MBA, MeBA, and DDM. His expertise in digital forensics, blockchain frauds, and cyber law makes him one of the most trusted lawyers for crypto scam recovery.
He has successfully represented:
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Victims of international crypto scams involving cross-border wallets.
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NRIs duped through online investment platforms.
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Senior citizens who lost savings to Ponzi and AI-trading frauds.
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Businesses defrauded through impersonation and fake investment schemes.
Advocate Deepak combines legal strategy with technical know-how, ensuring that victims receive comprehensive support in recovering their funds and protecting their digital identity.
Crypto scams are evolving rapidly, but timely legal action can save victims from huge financial losses. If you have fallen prey to a crypto fraud, consult a specialized cyber crime lawyer like Advocate Deepak to ensure proper investigation, tracing, and recovery of funds.
Disclaimer
This blog is for informational purposes only and should not be construed as legal advice. We are not engaging in any advertisement or solicitation through this content. For immediate help, call the National Cyber Crime Helpline (1930) or file a complaint at www.cybercrime.gov.in