BitConnect crypto scam ringleader tracked to India while authorities seize $190m – DL News
- India has seized $190 million in crypto tied to the BitConnect scam.
- Authorities uncovered dark web transfers and issued a lookout notice for the scam’s founder.
Indian authorities have seized nearly $190 million in cryptocurrency linked to the BitConnect Ponzi scheme — one of the country’s largest crypto enforcement actions.
The Enforcement Directorate of Ahmedabad carried out raids in Gujarat on February 11 and 15. The agency confiscated digital assets, $15,500 in cash, an SUV, and multiple electronic devices.
The ED launched its investigation following multiple police complaints in Surat.
According to officials, BitConnect founder Satish Kumbhani created a global network of promoters, luring investors with promises of returns as…
