Indian Binance P2P Seller Says SBI Froze ₹4.5 Lakh After a $1,000 USDT Sale
- —User @Krishna16021 sold roughly $1,000 in USDT via Binance P2P on October 2, 2026
- —SBI issued three lien alerts: ₹1,01,337 on September 22, plus ₹1,01,337 and ₹16,737 on October 1
- —Total restricted funds across the user's and a friend's accounts reach almost ₹4.5 lakh
- —Complaints to CyberDost and the National Cyber Crime Portal brought no clear resolution
Why it matters: The case adds to a pattern of bank freezes hitting Indian P2P traders, raising counterparty and compliance risks on Binance P2P in India.
Source: The Crypto Times