Cybercrime is increasing rapidly in india due to the government policy of reserving the jobs in the internet sector for the cheater liar relatives and friends of the top indian government employees faking their bank account, online income, online investment, online experience
For example the lazy greedy sugar baby of a top indian government employee who has never invested any money in domains, has never worked online is being falsely marketed as India's top internet expert, domain investor to give her great powers, monthly government salary at the expense of the real domain investor who is criminally defamed and whose investment the indian government refuses to acknowledge since 2010
Though bank details will legally prove that the sugar baby, girlfriends and relatives of top government employees have never invested any money in domains, web-hosting and do not do any computer work at all, India's top tech and internet companies have run this massive online, financial fraud since 2010 in a sophisticated form of bribery of the top greedy government employees, get their friends and relatives government jobs with robbed resumes, data
The cheating culture in the indian internet sector has also now spread to crypto buyers. In the last few years, crypto trading has become very popular in India. When indians using the P2P section of international crypto websites are selling their crypto for fiat currency, indian rupees , in some cases their account is frozen by the bank and cybercrime cell.
Some of the P2P crypto buyers have acquired their money illegally by cheating others, sending phishing links or making fraudulent transactions. They are aware that the police will track them soon, so they convert their bank money to crypto offering high rates. The crypto trader may have acquired his crypto legally, yet when the crypto is sold to an online fraudster, the police assume that the crypto trader or seller is an accomplice of the cyber-criminal and freeze the bank account, often without much notice.
In some cases, the bank account of the crypto seller has a lot of money or is being used extensively for transactions by the crypto seller for receiving payment from other sources. Usually the police in some other state, often far away are freezing the account, and the crypto seller has to also waste time,money traveling to another state to get the matter resolved. Based on information online, a large number of indian citizens are getting their account frozen, especially after receiving UPI payment.
Till the government, tech, internet companies stop rewarding online fraudsters with government salaries for faking online income, investment, experience, skills, cybercrime in India is likely to increase and crypto sellers may find their account frozen.