Following the collapse of KashhCoin in late 2017, founder Asif Ashraf Malkani withdrew what he’d stolen and went into hiding.
Complaints from KashhCoin traders after the collapse prompted an investigation by Indian authorities.
That investigation result in the arrest of one among Malkani’s accomplices.
Malkani nevertheless remained at giant, till his latest arrest in New Delhi.
Following stints in Goa, Chennai, Kolkata, Kanpur and Pune, final month Malkani (proper) fled to Uttar Pradesh.
Not happy with scamming individuals by means of only one cryptocurrency, Malkani was gearing as much as launch a brand new MLM shitcoin.
Malkani’s new rip-off was going to be referred to as V-Tube, some kind of video streaming service tied to a but to be launched V-flix altcoin.
Interrogation of Malkani additionally revealed that previous to launching KashhCoin he was concerned within the Unetenet Ponzi scheme.
Unetenet initially launched in 2013 and solicited funding in “franchises”, on the promise of a weekly ROI.
About seven or so months in Unetnet collapsed. Investigations by Latvian and Spanish authorities revealed Unetenet scammed round 22,000 victims out of €50 million euros.
Regardless of arrests being made in Spain in 2015, a third Unetenet reboot was launched in August 2016.
Unetenet World was short-lived and seems to have collapsed shortly after launch.
Asif Malkani went on to launch KashhCoin just a few months later in October 2016.
KashhCoin itself was your typical MLM cryptocurrency firm.
Traders had been duped on guarantees of riches hooked up to the KASHH altcoin, which served no function and held no worth outdoors of KashhCoin itself.