Crypto Crackdown: Indian authorities seize $190M in crypto from BitConnect Ponzi.

In a significant crackdown against financial fraud, Indian authorities seized nearly $190 million in cryptocurrency linked to the notorious BitConnect Ponzi scheme. BitConnect, which collapsed in 2018, defrauded investors globally with promises of high returns. This action marks a substantial step for India in tackling cryptocurrency-related scams. The seizure not only highlights the ongoing battle against financial deception but also the global reach of such fraudulent activities. It's a stark reminder to the public to remain cautious of schemes promising guaranteed returns.