| Name of Complainant | |
| Date of Complaint | September 14, 2023 |
| Name(s) of companies complained against | Bit deep quant |
| Category of complaint | Cyber Crime |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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Initially I had to deposit a minimum amount of Rs. 6000 to initiate stock trading in the app (1st Sept 2023). It was going fine.
Suddenly on 5th or 6th Sept they stopped withdrawals claiming that their policies are getting updated and that withdrawals will begin from 8th Sept.
On 8th Sept they posted a notification claiming that KyC needs to be verified BY DEPOSITING Rs. 6000 before 11th Sept for functioning of the app and trading or else your account will be frozen. Though they gave time until 11th Sept, they stopped all trading services before that until the money was paid.
I paid 6000 for the KyC thinking that I will withdraw the entire invested amount (6000+6000) on 11th Sept when the withdrawal channels are open. I did the same as planned.
However on 11th, they claimed that the withdrawal may take upto 72h and if you want to fasten the process, you can pay Rs. 7000 (which will be refunded once the withdrawal procedure is finished). I did not do it.
On 12th Sept, they post another notification claiming numerous things (ss attached), one of which was that the required number of KyCs haven’t reached its mark and hence banks have been asked to stop transactions. Later that day, the app and the website stopped working.
This is an absolute scam and I believe many Indians have been affected from this. I have lost Rs. 12000 which meant a lot to me and many have lost even more than that.
Please help.
