In a significant crackdown on cryptocurrency fraud, the Enforcement Directorate (ED) has seized assets worth ₹1,646 crore in Gujarat, linked to the BitConnect scam. The scam, orchestrated by Gujarat native Satish Kumbhani between 2016 and 2018, involved luring investors with promises of high returns through a proprietary "volatility software trading bot." Kumbhani and his associates allegedly defrauded investors worldwide, amassing approximately $2.4 billion (₹2,080 crore). The ED's investigation revealed that many transactions were conducted via the dark web to evade detection. This seizure marks one of India's largest actions against cryptocurrency-related fraud.
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RAIN
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ZEC
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WBT
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LINK
$8.34
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XLM
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DAI
$0.999833
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BCH
$217.29
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USD1
$0.999535
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USDE
$0.999522
▲ +0.00%
GRAM
$1.36
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.66 %
BTC
$65,072.00
▲ +0.20%
ETH
$1,921.65
▲ +0.20%
USDT
$0.999351
▲ +0.00%
BNB
$605.33
▲ +2.20%
USDC
$0.999615
▲ +0.00%
XRP
$1.05
▲ +1.90%
SOL
$76.33
▲ +3.30%
TRX
$0.328783
▲ +0.40%
FIGR_HELOC
$1.04
▼ -2.90%
HYPE
$55.16
▼ -1.40%
DOGE
$0.071178
▲ +1.80%
USDS
$0.999842
▲ +0.00%
RAIN
$0.012647
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$506.63
▼ -1.10%
ADA
$0.200161
▼ -0.10%
XMR
$384.93
▲ +4.30%
WBT
$56.28
▲ +0.20%
LINK
$8.34
▲ +0.50%
XLM
$0.165552
▲ +3.20%
DAI
$0.999833
▲ +0.00%
BCH
$217.29
▲ +0.60%
USD1
$0.999535
▲ +0.00%
USDE
$0.999522
▲ +0.00%
GRAM
$1.36
▲ +1.50%
BTC
$65,072.00
▲ +0.20%
ETH
$1,921.65
▲ +0.20%
USDT
$0.999351
▲ +0.00%
BNB
$605.33
▲ +2.20%
USDC
$0.999615
▲ +0.00%
XRP
$1.05
▲ +1.90%
SOL
$76.33
▲ +3.30%
TRX
$0.328783
▲ +0.40%
FIGR_HELOC
$1.04
▼ -2.90%
HYPE
$55.16
▼ -1.40%
DOGE
$0.071178
▲ +1.80%
USDS
$0.999842
▲ +0.00%
RAIN
$0.012647
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$506.63
▼ -1.10%
ADA
$0.200161
▼ -0.10%
XMR
$384.93
▲ +4.30%
WBT
$56.28
▲ +0.20%
LINK
$8.34
▲ +0.50%
XLM
$0.165552
▲ +3.20%
DAI
$0.999833
▲ +0.00%
BCH
$217.29
▲ +0.60%
USD1
$0.999535
▲ +0.00%
USDE
$0.999522
▲ +0.00%
GRAM
$1.36
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.66 %
BTC
$65,072.00
▲ +0.20%
ETH
$1,921.65
▲ +0.20%
USDT
$0.999351
▲ +0.00%
BNB
$605.33
▲ +2.20%
USDC
$0.999615
▲ +0.00%
XRP
$1.05
▲ +1.90%
SOL
$76.33
▲ +3.30%
TRX
$0.328783
▲ +0.40%
FIGR_HELOC
$1.04
▼ -2.90%
HYPE
$55.16
▼ -1.40%
DOGE
$0.071178
▲ +1.80%
USDS
$0.999842
▲ +0.00%
RAIN
$0.012647
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$506.63
▼ -1.10%
ADA
$0.200161
▼ -0.10%
XMR
$384.93
▲ +4.30%
WBT
$56.28
▲ +0.20%
LINK
$8.34
▲ +0.50%
XLM
$0.165552
▲ +3.20%
DAI
$0.999833
▲ +0.00%
BCH
$217.29
▲ +0.60%
USD1
$0.999535
▲ +0.00%
USDE
$0.999522
▲ +0.00%
GRAM
$1.36
▲ +1.50%
