India Seizes $190M in Crypto Amid BitConnect Ponzi Investigation

India Seizes $190M in Crypto Amid BitConnect Ponzi Investigation

As part of the ongoing investigation into BitConnect, a now-defunct Ponzi scheme, Indian police officials have seized cryptocurrencies worth $190 million (₹1,646 crore). The Enforcement Directorate (ED) in Ahmedabad, India's top financial crime investigative agency, carried out several searches around Gujarat on February 11 and 15, according to The Indian Express. Along with the bitcoin, authorities also found an SUV, several electronic equip...

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