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India Hands Down Life Sentences in Landmark Crypto Extortion

Ashwini Roopesh

Updated at: 6 hours ago

{"content":"India Hands Down Life Sentences in Landmark Crypto Extortion Case Guy was forced to admit holding 752 BTC. The gang demanded $3629398.40 in cash and coerced him to sell 34 BTC under pressure. 🤐 1. Landmark Verdict👇 A special anti-corruption court in Ahmedabad sentenced 14 individuals including 11 police officers and an ex-legislator to life imprisonment for the 2018 kidnapping and extortion of a businessman over cryptocurrency. 2. Details of the Crime👇 The victim, who had recovered Bitcoin from the collapsed BitConnect scheme, was abducted in Surat and kept at a farmhouse near Gandhinagar. 3. Prosecution and Verdict👇 More than 170 witnesses were called. Despite many turning hostile, convictions were secured for conspiracy, kidnapping, assault, and corruption. Assets were also ordered to be confiscated. 4. Impact on Crypto World This verdict shows India’s tough stance against crypto-linked crime. The signal is simple: more regulations, higher scrutiny, and growing demand for transparency. #ScamAwareness ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/06/d3ca749034c0ad9fd17f09b2a19a768a.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}

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