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

An X user who identifies as Aman Kesar (now-deleted @Amankesar11 on X) has inadvertently “self-snitched” after they reached out to ZachXBT for the on-chain sleuth’s intervention in recovering about 5.73 BTC that they claim the Changelly crypto exchange seized from them.

The plot twist arrives as on-chain evidence of irregular transactions is now piling up and pointing to a single individual suspected of running a scam operation out of New Delhi, India.

There is little doubt in ZachXBT’s mind that the complaint came from a fraud operation, as he shared “a short story about Indian scammers who called the cops on themselves” on X earlier today, June 19.

The investigation began when the user messaged ZachXBT from a personal account, claiming that Changelly “unjustly” held on to their $475,000 in Bitcoin since March 2025.

All the posts have now been deleted, and the account has been taken off the X platform.

Aman Kesar has been publicly complaining about Changelly for months

The plea for ZachXBT’s help was not the first choice of the Aman Kesar person believed to be behind the account, as they had been publicly pressuring Changelly for months before that.

The latest post was on June 15, when Kesar posted that his transaction to swap 5.7357 BTC into USDT through Changelly had been on hold since March 11, 2025.

He continued to imply impropriety on the exchange’s part because they apparently did not follow up after he had “fully cooperated and submitted all requested documents, including KYC, transaction receipts, proof of ownership, and supporting information.”

That was not the first time Kesar made such allusions. An earlier post from December 31, 2025 claimed that there had been “no concrete response from @Changelly_team” regarding his swap, which he said had been “stuck since 11 March 2025 under AML review.”

In March of this year, Kesar called out the “repeated generic response” from Changelly even after his timeline claiming wallet ownership and source of funds had both been verified.

ZachXBT traces foul play back to India

Instead of going with Kesar’s account, ZachXBT turned up the scrutiny, and things started to go sideways from there. 

Nothing suspicious about irregular outflows from Bitcoin Depot, Athena Bitcoin, Coinhub ATM, Cash App, Robinhood, Coinbase, Strike, etc flowing to a single person in New Delhi, India

— ZachXBT (@zachxbt) June 19, 2026

Zach claimed to have spotted what he described as “irregular outflows” to a single person in New Delhi from multiple platforms, including Bitcoin Depot, Athena Bitcoin, Coinhub ATM, Cash App, Robinhood, Coinbase, and Strike.

As of this report, ZachXBT has not yet shared details of the specific nature of the suspected scam or how the funds were originally obtained. Changelly has not publicly commented on the case.

Is Kesar operating out of India?

For now, ZachXBT’s claims are not 100% verified, pending further updates. However, the scrutiny is not expected to magically disappear as the on-chain sleuth has been involved in a string of crypto fraud busts, as reported by Cryptopolitan.

For its part, India has also paraded arrests and convictions of scammers targeting the crypto space.

In May, India’s Enforcement Directorate arrested hacker Srikrishna (“Sriki”) and two associates in Bengaluru over a Bitcoin theft dating back to 2017 worth approximately $1.3 million, with proceeds allegedly funneled to politically connected figures in Karnataka, as Cryptopolitan reported.

Separately, the Himachal Pradesh High Court denied bail to Abhishek Sharma, a promoter in a crypto MLM scheme that allegedly defrauded over 80,000 investors of roughly Rs 500 crore (about $3.6 million), according to Cryptopolitan’s coverage of the ruling.

The issue of crypto fraud remains a headache globally. The FBI’s 2025 Internet Crime Report logged more than $11 billion in cryptocurrency losses from over 181,000 complaints, a 21% increase over the prior year.