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EDđźđł seizes âč1646 crore in #Bitconnect Ponzi Scamđ€Ż
âȘïžThe police has booked Satish Kumbhani, founder of Bitconnect - a #crypto investment platform.
âȘïž Kumbhani and his team operated BitConnectâs unregistered investment scheme, deceiving investors with promises of high returns using a fake âvolatility trading bot.â
âȘïž Kumbhaniâs team ran a crypto MLM #scam , promising 40% monthly returns on $BTC deposits converted to BCC, with fake 3,700% annualized profits.