Techub News reports that, according to India Today, the Indian Enforcement Directorate (ED) has arrested two suspects, Nikunj Pravinbhai Bhatt and Sanjay Kotadia, in connection with the BitConnect cryptocurrency scam case. The case involves kidnapping, Bitcoin extortion, and money laundering. The victims were forced to surrender 2,254 Bitcoins, 11,000 Litecoins, and approximately 1.45 billion rupees in cash. Some of the Bitcoins were converted into Ethereum and USDT for transfer. Currently, ED has frozen assets worth approximately 1.9 billion rupees. The total frozen assets in the case have reached 217 billion rupees, and the investigation is still ongoing.

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