Crypto
Binance User's SBI Account Frozen for ₹4.5 Lakh After USDT Sale
An Indian cryptocurrency user claims that his State Bank of India (SBI) account was frozen for nearly ₹4.5 lakh after he sold $1,000 worth of USDT on Binance's peer-to-peer marketplace.
The user, Krishna16021, stated that the buyer linked to a scam, and as a result, SBI placed multiple liens on his and a friend's accounts.
The user reported that he received three alerts totaling ₹2.19 lakh from SBI, freezing funds after the buyer was linked to a scam.
Krishna16021 claimed that he reached out to CyberDost and the National Cyber Crime Reporting Portal but did not receive a clear explanation for the freeze.