According to Techub News, citing India Today, the Indian Enforcement Authority (ED) has arrested two suspects, Nikunj Pravinbhai Bhatt and Sanjay Kotadia, in connection with the BitConnect cryptocurrency scam. The case involves kidnapping, Bitcoin extortion, and money laundering. Victims were forced to hand over 2,254 bitcoins, 11,000 Litecoins, and approximately 1.45 billion rupees in cash. Some of the bitcoins were converted into Ethereum and USDT and transferred. The ED has currently frozen approximately 1.9 billion rupees in assets, bringing the total amount of assets frozen in this case to 217 billion rupees. The investigation is ongoing.
Indian law enforcement authorities have arrested two suspects linked to BitConnect on suspicion of kidnapping and Bitcoin extortion.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
