NC Global Media, the Dubai-based blockchain media company, has partnered with and supported the legal team of TechiLaw, an emerging law firm, in efficiently assisting over 100 victims of peer-to-peer (P2P) scams in navigating the intricate landscape of frozen bank accounts in India.
Since mid-April, a sense of uncertainty has rippled through India’s P2P sector due to the freezing of bank accounts by the cyber security department. Several users’ wallets came under scrutiny after receiving payment for a batch of cryptocurrency sales from an unverified account on the dark web. In addition to losing their legitimate cryptocurrency holdings, the traders also found themself under the scrutiny of cyber watchdogs.
In response to this, Mr. Yogesh Pandit, the founder of TechiLaw and a blockchain and legal expert in NC Global Media, guides the victims of this crisis in tackling the challenges posed. Significantly, he is currently addressing 560+ cases related to the freezing of P2P-related bank accounts through TechiLaw.
Notably, TechiLaw serves as an esteemed platform that offers comprehensive solutions and consultancy services at the intersection of technical and legal disciplines. Further, the law firm has garnered a reputation for efficiently resolving P2P transaction-related scams and providing valuable insights to its diverse clientele.
Through the partnership, NC Global Media assists the law firm in its crucial ‘P2P rescue mission’ by raising awareness about the prevailing scams and their impacts on the evolving P2P economy.
Mr. Yogesh Pandit emerged as a well-known figure, offering expertise as a legal advisor and blockchain trainer at NC Global Media. With a great career spanning over a decade, Mr.Pandit has consistently demonstrated his commitment to bridging the gap between technology and legal difficulties.
Mr.Pandit’s influence extends further as a distinguished blockchain trainer and community manager at NC Global Media. Moreover, he serves as a faculty member, specializing in cyber security and cyber law, at the prestigious Administrative Academy in Bhopal. Notably, his expertise also led him to serve as a trainer in cybercrime investigation at the Bureau of Police Research and Development (BPRD), under the Ministry of Home Affairs in India. His proficiency in this field is emphasized by his certification as a forensics accountant and fraud analyst.
What is P2P Transaction?
A peer-to-peer (P2P) transaction is a direct exchange of assets, services, or information between two individuals or entities without intermediaries like banks. It often involves using technology platforms to facilitate this direct interaction, bypassing traditional institutions. P2P transactions can include a wide array of activities such as financial exchanges, file sharing, lending, and more. They rely on no third parties, and support interactions that majorly mandate trust between participants.
India’s Victims of P2P Scams
Many users of the major cryptocurrency platforms, Binance and Coinbase, are encountering distressing situations linked to P2P scams within India. Cyber police are freezing the bank accounts of regular citizens who are unaware of whether the other party involved is genuine or engaged in fraudulent activities.
Despite these victims providing all necessary information to the investigating authorities, they have yet to receive any form of response or aid. Compounding the issue, if one account within a P2P transaction is blocked, all interconnected accounts also face the same fate. Further, still, it’s unknown how many have been affected by this.
Amidst this backdrop of scams and crypto-related cyber attacks, Mr. Yogesh Pandit, the legal advisor at NC Global Media and TechiLaw, continues to actively assist individuals in resolving these challenges.
For any further queries regarding the P2P scams, kindly contact:
Yogesh Pandit
Phone Number: 7987870919
Email: info@techilaw.com
About NC Global Media
NC Global Media is a leading media and marketing firm established in 2020 and headquartered in Dubai. It has built a unique niche within the blockchain industry by forging more than 100 collaborations with prominent blockchain enterprises worldwide.
At the core of NC Global Media’s operations is its one-stop online news portal “TheNewsCrypto,” which serves as an all-encompassing hub for the latest and most up-to-date news within the blockchain and crypto space. The website draws over half a million unique monthly visitors, hailing from across 150 countries worldwide, encompassing key regions like the United States, Russia, Bulgaria, India, UAE, and the United Kingdom.
Notably, the company is deeply committed to spearheading a significant educational campaign in the blockchain sphere, aiming to reach over 5 million students in India through its flagship initiative named NC BlockFiesta.
