What should i do in this situation?
My account was placed under a Layer 4 freeze reportedly due to a Binance P2P transaction of around ₹3,636. I hired a lawyer in Chandigarh who initially said the matter would be resolved within 2 weeks. I paid ₹2,000 in advance and provided all required documents, proofs, affidavit, signatures, and notarized papers.
However, it has now been more than 3 weeks with no real progress. The lawyer kept saying the IO either does not understand crypto properly, is unavailable, in court, or on leave. Recently, the lawyer claimed that the IO is demanding “official fees” of ₹25,000 to unfreeze the account. What raised concerns for me was that instead of explaining this himself, he handed the phone to his friend to discuss the amount and negotiation.
Later, the lawyer texted me saying he had spoken with the IO and asked me to tell him a “final amount” so he could negotiate. The amount later changed from ₹25k to ₹15k, and then he said he could possibly get it done for ₹8k.
He also warned that all my other bank accounts could be frozen as well, and claimed that even going through proper court procedure/High Court would end up costing a similar amount.