ZachXBT: Indian fraud gang suspected social workers stealing money and calling the police to track down and freeze funds

Comparing news, “on-chain detective” ZachXBT published a case study saying that in a crypto asset case involving an Indian fraud gang, the relevant personnel reported the case to the law enforcement authorities themselves after the assets were frozen, which attracted attention. The incident stemmed from a user asking for help, claiming that approximately 5.73 BTC (approximately $475,000) was frozen in Changelly in March 2025.

Subsequent on-chain analysis showed that the funds can be traced back to a number of social engineering attacks targeting US users and theft cases involving Bitcoin ATMs. The cumulative amount involved has exceeded 1 million US dollars, and there are many elderly victims. The investigation revealed that there were many changes in the parties' explanations of funding sources, including different statements such as “loans,” “boss transfers,” and “2014-2015 investments,” and there are clear contradictions in the evidence chain.

What is more interesting is that the user filed a police report in India in December 2025 to try to recover frozen funds (case no. 3207-P/2025). Subsequent on-chain forensics and email data analysis showed that it may be a “mule (money carrier)” for fund transfers, and some bank documents are inconsistent with their identity information. ZachXBT said that such cases showed that social worker attacks and cross-border fund transfers continued to occur, and reminded users to avoid interacting with funds from suspicious sources to avoid triggering compliance freezes or legal risks.