Indian Police reveal Crypto Scam Participating BitConnect Promoter
Indian Police have allegedly found multi-million-dollar crypto scam Participating BitConnect Promoter
- Vishal Sancheti
- Jun 04, 2019
- Nov 04, 2024
Indian Police have allegedly found multi-million-dollar crypto scam Participating BitConnect Promoter
"He had extorted 2,019 bitcoins, 11,000 litecoins and Rs 14.50 crore cash. A case was then registered with the Surat zone CID crime. We recovered 169 bitcoins and 8kg of gold from the accused.”
Recent reports now indicate that a massive cryptocurrency scam, worth $3.2 Billion worth INR has been uncovered in India.
The video platform is being accused of negligence and hosting promotional videos of BitConnect affecting a number of users.
A group of six former Bitconnect investors are suing the company after collectively losing more than $770,000 on the now defunct exchange and lending platform.
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