India’s ED arrests two in connection with BitConnect crypto fraud
India’s Enforcement Directorate (ED) has announced the arrest of two suspects in connection with the BitConnect crypto fraud. According to authorities, the BitConnect crypto fraud is a case that involved several illicit acts, including global fraud, kidnapping, and extortion involving thousands of Bitcoin and millions in cash.
According to the statement by the Indian agency, the suspects were arrested by officers attached to its Ahmedabad zonal office under the Prevention of Money Laundering Act. The officials mentioned that the arrested suspects were 33-year-old Nikunj Pravinbhai Bhatt and 49-year-old Sanjay Kotadia. They claimed the suspects were arrested in an extortion case in relation to the BitConnect fraud.
