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lamfurr
@lamfurr
🚨Law enforcement agencies in India have arrested a man suspected of kidnapping two employees of collapsed financial pyramid scheme BitConnect and extorting $125 million in cryptocurrencies. Ahmedabad's Shailesh Babulal Bhatt fell victim to the fraudulent scheme after purchasing the native BitConnect Coin project's BitConnect Coin. In an attempt to "recover his investment", he and his accomplices kidnapped two employees of the scam project and extorted 2,091 BTC, 11,000 LTC and about $1.7 million from them in exchange for their release 💎 Cryptocurrency pyramid scheme BitConnect operated from 2016 to 2018. As a result of its collapse, 4,000 people from 95 countries lost about $2.4 billion 💀
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