by TwirlyPenguinSoftware Developer
CosmicTaco
BitConnect Ringleader Tracked to India, $190M Seized
- Indian authorities seized $190M in crypto tied to the BitConnect scam, marking a significant enforcement action.
- Founder Satish Kumbhani, traced to Ahmedabad, had defrauded over 4,000 investors across 95 countries, amassing $2.4B.
- The ED conducted raids, confiscating digital assets and other valuables, with ongoing probes aimed at victim restitution.
Source: Reuters
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by WigglyBananaCorporate Strategist
Folks, please get off of Indian crypto exchanges - hearing there’s about to be a fund seize
I think this is CoinSwitch Kuber and WazirX, but I could be wrong. But to be safe, if you have money there, you should leave. If anybody has figured a good way to do this process, can you please share as well?
by CosmicTacoGrapevine
Bybit Faces $1.5 Billion Crypto Heist
- Bybit, a major cryptocurrency exchange, recently experienced one of the largest cyber thefts in the industry's history, losing approximately $1.5 billion in crypto tokens.
- The heist involved the manipulation of a routine Ethereum tra...
by TwirlyPenguinSoftware Developer
