Bitconnect Head Divyesh Darji Arrested in India
Cryptovest
Published Aug 20, 2018 07:28AM ET
Updated Aug 20, 2018 08:41AM ET
Bitconnect Head Divyesh Darji Arrested in India
BitConnect’s chief for the Indian market, Divyesh Darji, was arrested this Saturday on arrival from Dubai, the Times of India reported. The news arrives a few weeks ahead of the scheduled hearing of Trevon James, the most vocal proponent of BitConnect for western investors. BitConnect is the most notorious scam in the crypto space, becoming more prominent after Bitcoin (BTC) prices started picking up in the summer of 2017, increasing the cost of its BCC coins.
BitConnect had a wide network of investors with opinion leaders and marketers in India making millions during the peak Bitcoin prices. It was advertised in large-scale events with on-stage shows, as well as through YouTube channels targeted at young Asian investors.
Darji was one of the prominent promoters of the crypto asset, along with Satish Kumbhani, Dhavl Mavani and Suresh Gorasiya. In India, BitConnect became popular after the aggressive government de-monetization, known as a war against cash.
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