Law enforcement in Pune, India, began searching for the founder of BitConnect after a complaint from a local lawyer.
According to an official complaint filed this week, a lawyer living in the area has had a total of 220 bitcoins defrauded.
Authorities have launched an investigation against Satish Kumbhani, who is named in the complaint and is the founder of BitConnect.
Founded in 2016 and once one of the most popular names in the industry, BitConnect offers investors Billions of dollars invested by promising 10% passive return had collected.
Authorities in the United States Being involved in a $2.4 billion pyramid scheme After accusing Kumbhani disappeared.
According to the lawyer in India, he and six others were the first to join the platform with the promise of making more money. 54 bitcoins in 2016 they laid.
Persons from here 2016-2021 dates achieved during 166 bitcoins too still they will earn more money He deposited and scammed on various crypto platforms with the promise of