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ED locks 1,646cr assets in crypto scam, accused faces 70 years' jail

IndiaTimes Sunday, 16 February 2025 ()
Enforcement Directorate (ED) has frozen cryptocurrency assets worth Rs 1,646 crore as part of a probe into a major $2.4 billion BitConnect scam. Key accused Satish Kumbhani, indicted in the US in 2022, faces 70 years in prison. ED's Ahmedabad office seized Rs 13.5 lakh in cash, a luxury car, and digital devices.
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