So I invested 10k in 2017 via my relative as I was not well versed with crypto and trusted him. The investment was done via Zebpay using his mobile no and email. Did some follow up in middle but was told that there is not much gains.
I felt something fishy and wanted to see the portfolio now but the guy is saying his old bank account got inactive and KYC is not working in Zebpay.
I tried to login using his mobile no but he is claiming not getting OTP.
Can this be genuine. I’ve seen some reports of Zebpay being a scam. Could they be at fault here?
He initially claimed that the value was around 28k claiming customer care called him and was insisting to cash it out. However as per my assumption the value should be above 1 Lac.
Please suggest.
Invested 10k in Bitcoin in 2017 via my relative but now I’m unable to get the portfolio details. He is saying Zebpay froze his account.
byu/Grouchy-Horror5579 inBitcoin
Posted by Grouchy-Horror5579
7 Comments
He took your money.
Value of a coin in 2017 was around 3k, in 2025 it was 125k, you had more than three coins worth, do the math.
Your friend scammed you at one point or another when the amount was too much to turn down, maybe on day one, maybe in 2025, you’re 400k down on your investment.
Some relative…
Also, please realize that outside of India, almost no one knows what a ‘Lac’ is or what that would be worth in a globally used form of fiat.
He stole that shit lmao
This is a nonsense story.
10k inr right? not 10k usd… then consider yourself saved from this dishonest person, just inform him that you’ll be writing to income tax authority since its your money and if its actually frozen then he has nothing to worry about, alternate is to split profit 50~50 with u
The *only* person who knows what really happened is this relative.
The *only* person who can access those funds, if they still exist, is this relative.
If there’s really a KYC issue, the *only* person who can resolve it is this relative.
I think you know who you *really* need to speak to.
I’d suggest you visit this relative and ask them (in person) to search their emails for everything from Zebpay in the last 10 years. If they refuse, you can draw your own conclusions.
I’m not familiar with Zebpay, but at first glance it *appears* to be an actual exchange, albeit small, and with a poor reputation:
https://coinmarketcap.com/exchanges/zebpay/
https://www.scamadviser.com/check-website/zebpay.com
https://www.whois.com/whois/zebpay.com