India, BitConnect and Crypto

Authorities in India Seize $190,000,000 in Crypto Assets Related to 2018 BitConnect Ponzi Scheme: Report
Law enforcement authorities in India reportedly seized crypto assets linked to the BitConnect Ponzi scheme that defrauded hundreds of victims before collapsing in 2018.
India's Directorate of Enforcement Seizes $190M in BitConnect Fraud Case
BitConnect, founded in 2016 by Satish Kumbhani, raised billions of dollars from investors for a protocol that purportedly paid out 10% in interest earnings. The Ponzi scheme collapsed in 2018, and in 2023 a California judge ordered $17 million in restitution to be paid to the victims.
India Seizes $190M in BitConnect Fraud! Aureal One Leads the Best Crypto Presales for Cautious Investors
The probe was conducted under the Prevention of Money-Laundering Act (PMLA), 2002, based on FIRs from Surat’s Crime Investigation Department.
Indian Authorities Seize $190 Million in Crypto Linked to BitConnect Ponzi Scheme, Track Fugitive Founder
Indian authorities have seized nearly $190 million in cryptocurrency linked to the BitConnect Ponzi scheme, which collapsed in 2018.
Indian authorities seize loot from collapsed BitConnect crypto scam
Indian authorities seize loot from BitConnect crypto-Ponzi scheme Devices containing crypto wallets tracked online, then in the real world India’s Directorate of Enforcement has found and seized over $200 million of loot it says are the proceeds of the BitConnect crypto-fraud scheme.
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