Crypto currency trader Vinay Naik was abducted on January 14. The abductors had demanded bitcoin ransom of three billion rupees ($40 million).
A police constable has been arrested for abducting a crypto-currency trader and demanding a $40 million dollar bitcoin transaction, officials said, adding that seven others have been arrested along with him. Dilip Tukaram Khandare, second largest city after Mumbai in Maharashtra, in Pune, came to know that a person in his city owned a very large bitcoin wallet so he planned to kidnap the owner of the bitcoin wallet.
Dilip Tukaram, along with some of the conspirators, allegedly abducted 38-year-old Vinay Naik on January 14. Dilip demanded vinay to give him all his three billion rupees ($40 million) of digital currency. He also demanded rs 8 lakh with him.
when the abductors came to know that the police were investigating the case, vinay naik was suddenly let off the very next day and the conspirators were arrested on tuesday.
A SENIOR POLICE OFFICIAL TOLD AFP: “WE HAVE ARRESTED EIGHT PEOPLE, INCLUDING A POLICE CONSTABLE.”
many cryptocurrency platforms have come up in india but it is still unregulated in most of the places in india. celebrities now promote it and because of this, millions of new traders have come to crypto.
crypto was banned in 2018 for illegal money transfers, but two years later, the supreme court lifted the ban.
the government this week imposed a 30% tax on virtual currency profits. it also announced that “digital rupee” will be brought on behalf of the central bank of india.