Following the submitting of a chargesheet in opposition to Amit Bhardwaj, Indian authorities have recovered 451.999 bitcoin.
The bitcoin is tied to Bhardwaj’s GainBitcoin Ponzi scheme, which collapsed in late 2017.
Together with Bhardwaj (correct), chargesheets have moreover been filed in opposition to 9 accomplices.
Indian authorities think about 1000’s of GainBitcoin victims collectively misplaced spherical $523 million.
Together with the present seizure, authorities have gone after $5.9 million in property tied to the Ponzi scheme.
Police had suid that the accused nonetheless had on the very least 160 Bitcoins, 300,000 MCAP and 80,000 ethers of their possession.
MCAP was a shitcoin related to GB21, Bhardwaj’s failed GainBitcoin reboot.
Right now 451.999 bitcoin has a street price of $1.73 million USD.
Throughout the time GainBitcoin collapsed in late 2017, the price of the seized amount was roughly $3.26 million.