Question 1

Who is ZachXBT and what did he find?

Accepted Answer

ZachXBT is a pseudonymous blockchain investigator who traced Bitcoin transactions after a user complained about frozen funds at Changelly, identifying irregular outflows from platforms including Bitcoin Depot, Athena Bitcoin, Cash App, Robinhood, Coinbase, and Strike all flowing to one person in New Delhi, India.

Question 2

How much Bitcoin was frozen at Changelly?

Accepted Answer

The user claimed 5.7357 BTC, worth approximately $475,000, was frozen at Changelly after initiating a swap to USDT on March 11, 2025, with the exchange placing the transaction on hold for AML review.

Question 3

What other crypto fraud cases have involved India recently?

Accepted Answer

India's Enforcement Directorate arrested hacker Srikrishna and two associates in Bengaluru in May 2026 over a $1.3 million Bitcoin theft from 2017, and the Himachal Pradesh High Court denied bail to a promoter of a crypto MLM scheme that allegedly defrauded over 80,000 investors.

Changelly

ZachXBT spots $475K in fraud-related Bitcoin after user calls out frozen Changelly funds

One sharp brief.
Every day.

Changelly

ZachXBT spots $475K in fraud-related Bitcoin after user calls out frozen Changelly funds

One sharp brief.Every day.

One sharp brief.
Every day.