BitConnect Cripto SCAM RINGLeader Keirs in India as authorities take $ 190 million – DL News

The Indian authorities seized almost 190 million dollars in cryptocurrency associated with BitConnect Ponzi-System – one of the greatest options of crypto.

Ahmedabad’s implementation administration carried out the raids in Gujarat 11. and 15. February. Agency sequestered Digital resources, $ 1500 in cash, SUV and more electronic devices.

Ed initiated his investigation after multiple police complaints in a suradication.

According to officials, the founder of BitConnect Satish Kumbhani has created a global promoter network, which stated investors with promises of yield as much as 40% per month through the assumed “instability software) bot. ”

However, investigators have discovered that investor funds have never been traded, but rather than indulging in digital wallets that control Kumbha and his associates.

Authorities have discovered that BitConnect cheated over 4,000 investors in 95 countries, Amasira 2.4 billion dollars before his collapse 2018. Years.

US Ministry of Justice accused Kumbhani in 2022. years, but the fugitive remained until Indian organs recently followed him Ahmedabad.

Ed issued a circular circular to prevent escape and was prepared to take him into custody.

Investigators say that many transactions are redirected through a dark network to obscure their origin, but forensic monitoring helped to reside the affectionate wallets and means.

There is a further probe, ed now prepares restitution for victims, including foreign nationals who lost money in the scheme.

Cripto shopping boats

• Bitcoin lost 0.3% for trade to $ 97,170 during the last 24 hours.
• Etherum is 0.4% a day up to $ 2,695.

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Kyle Baird is DL news “editor of the weekend. You have the top? E-mail on kbaird@dlnews.com.