Simpy was arrested by the Enforcement Directorate (ED) in December 2023, in connection with the bitcoin case involving Singapore-based company, Variable Tech Pvt Ltd.
According to the ED, Raj Kundra received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up a Bitcoin mining farm in Ukraine. The deal, however, did not materialize, and Kundra is still in possession of the 285 Bitcoins, which are valued at more than Rs 150 crore.
Thane, Oct 2 (PTI) A 36-year-old man from Maharashtra's Thane district has been cheated of more than Rs 77 lakh by a person after being assured of good returns by getting into bitcoin trading, police said on Monday.