Indian authorities seize $190M in crypto tied to BitConnect Ponzi scheme — TradingView News
Indian authorities have seized nearly $190 million in crypto associated with Bitconnect amid an ongoing investigation into the global Ponzi scheme, which collapsed in 2018.
“The Enforcement Directorate (ED), Ahmedabad, has seized cryptocurrency worth Rs 1,646 crore during its investigation into BitConnect cryptocurrency fraud in which numerous depositors were allegedly duped in the name of securities investment,” a Feb. 15 local report said.
BitConnect investigation continues looking at other promoters involved
The ED also reportedly seized ₹13,50,500 (around USD 15,582), a sport utility vehicle (SUV), and electronic devices during raids in Gujarat on Feb. 11 and 15.
The seized assets reportedly belonged to associates of the…
