CryptoNews.com.au
Indian authorities have confiscated nearly US$190M (AU$299M) in cryptocurrency as part of an ongoing investigation into Bitconnect, a global Ponzi scheme that collapsed in 2018. The Enforcement Directorate (ED) in Ahmedabad reported the seizure, stating that the funds were linked to a fraudulent investment scheme that misled thousands of investors: Related: Trump-Backed DeFi to Boost […]
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India Clamps Down on Crypto: $190 Million Seized in Bitconnect Ponzi Scheme Probe
Jose Oramas
09:24
Indian authorities have confiscated nearly US$190M (AU$299M) in cryptocurrency as part of an ongoing investigation into Bitconnect, a global Ponzi scheme that collapsed in 2018. The Enforcement Directorate (ED) in Ahmedabad reported the seizure, stating that the funds were linked to a fraudulent investment scheme that misled thousands of investors: Related: Trump-Backed DeFi to Boost
