The Indian authorities, the Ministry of Enforcement, seized an encrypted currency with a rupee value. 1,646 rupees (about $ 189 million) regarding investment fraud in the encrypted currency.
According to the authorities, the money, which was in many digital assets, was linked to the fraud of Bitconnect. The platform defrauded many investors, and seized them with investment opportunities in securities. In addition to the money, the administration also seized actual cash, four -wheel drive vehicles and many digital devices during searches in different locations between 11 and 15 February.
in statement The agency, submitted by the Ministry of Enforce, stated that it joined in line with the provisions of the PMLa Laundering Law (PMLA) in line with the first registered by the CID CRIME police station in Surat.
Indian authorities arrest the suspects associated with Bitconnect
According to the Indian authorities, the suspects carried out their activities from November 2016 to January 2018, as they raised money from investors in India and abroad for investment purposes. The police statement revealed that the founder of the Bitconnect Investment platform, an illegal organization, has pushed networks of promoters all over the world to introduce people to the platform.
In exchange for the recruitment of investors, promoters are granted a specific interview committee. Investors were urged to deposit money, which was cash or other digital assets, on the BitConnect lending platform. The platform told investors that, among other kings, they would use a robot of fluctuations, which they claimed would help investors generate returns, which could reach 40 % every month.
Indian authorities also reported that the BitConnect investment platform has published fake returns on its platform, and told investors that it could get a 1 % return every day or 3700 % annually. The agency stated that the accused was good knowledge of it and are still applying to employ people to invest their hard -working money on the platform. The Indian authorities claimed that the platform did not have a trading robot, but they ridiculed investor money and transferred them to digital portfolios in their control.
Investigations revealed the digital portfolio path
According to the Indian authorities, criminals used funds in their favor to convert them into purchases of luxury elements, while some of them continue. The agency stated that its achievement on the governor used for operations shows several governors. It stated that the investigation was an attempt to discover the origin and destination of the money.
The agency highlighted that most of the transactions it followed were connected to the dark web, as criminals try to make it unimaginable. However, as part of its terrestrial intelligence and follow, it was able to discover the digital portfolios containing digital assets, and seized it from criminals. In the previous investigation of the case, the authorities managed to seize 489 criminal criminals.
According to some sources, investors on the platform were citizens of countries around the world. While the Indian authorities advance to their investigation, the perpetrators are also tried in the United States by the federal authorities. According to to rule At the Federal Provincial Court in San Diego, the budget of more than $ 17 million in the budget was placed to about 800 victims of the plan in 40 countries worldwide.
The Platform Consistency, Kumbhani, was charged in 2022, with the accusation of the U.S. Glenn Arcaro to conspire to commit wire fraud. This scheme emphasizes the need to be monitored in the encryption sector. Unlike the traditional financing industry where companies can make efforts to recover stolen money, it is difficult to recover stolen money in the encryption industry.
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