TechFlow news, on February 16, according to Cointelegraph, during an investigation into a global Ponzi scheme cracked in 2018, Indian authorities seized nearly $190 million worth of cryptocurrency linked to Bitconnect. Indian law enforcement also confiscated 13,50,500 Indian rupees (approximately $15,582), a sport utility vehicle (SUV), and electronic devices during raids conducted on February 11 and 15. The seized assets belong to an accomplice of Bitconnect, a company that caused around 4,000 investors from 95 countries to lose approximately $2.4 billion.
Bitconnect was established in 2016 but collapsed just two years later.
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