Bitcoin Scam | Business Upturn

Raj Kundra and Shilpa Shetty linked to Rs 6,600 crore Bitcoin scam: Here’s what you need to know

Entertainment Desk — Thu, 18 Apr 2024 11:35:35 +0000

The latest developments surrounding Bollywood power couple Raj Kundra and Shilpa Shetty have thrust them into the spotlight once again, this time for their alleged involvement in a massive Bitcoin scam worth Rs 6,600 crore. As the Enforcement Directorate (ED) tightens its grip on the investigation, uncovering layers of deceit and financial malpractice, let’s delve into the intricate details of this sprawling scandal.

Raj Kundra’s Legal Turmoil:

Raj Kundra’s brush with legal troubles began in July 2021 when he was arrested by the Mumbai Police on charges related to the production and distribution of adult content. However, his entanglement with the law took a new turn as federal agencies turned their attention towards his alleged role in a Bitcoin Ponzi scheme, implicating him in a web of financial deceit and manipulation.

The Bitcoin Ponzi Scheme Unveiled:

At the heart of the scandal lies the nefarious Bitcoin Ponzi scheme orchestrated by the promoters of Gain Bitcoin, including Amit Bhardwaj, Ajay Bhardwaj, and others. Investors were lured into the scheme with promises of exorbitant returns, only to be duped out of billions of rupees. The scheme, which operated under the guise of a legitimate investment opportunity, siphoned off funds to line the pockets of its perpetrators while leaving a trail of financial ruin in its wake.

Raj Kundra’s Alleged Involvement:

According to ED allegations, Raj Kundra received a substantial sum of 285 Bitcoins from the mastermind behind the Ponzi scam, Amit Bhardwaj. These ill-gotten gains were purportedly intended for the establishment of a Bitcoin mining farm in Ukraine, further entangling Kundra in the web of deceit. Despite not being the primary accused, Kundra’s association with the scam has drawn significant scrutiny and legal repercussions.

Seizure of Assets and Legal Ramifications:

The ED’s probe into the Bitcoin scam has led to the attachment of assets worth Rs 98 crore, including properties such as a bungalow in Pune registered under Raj Kundra’s name and a residential flat in Mumbai’s Juhu area owned by Shilpa Shetty. The provisional attachment order issued under the Prevention of Money Laundering Act (PMLA) underscores the severity of the allegations and the ongoing pursuit of justice by law enforcement agencies.

As the investigation into the Rs 6,600 crore Bitcoin scam unfolds, the spotlight remains firmly fixed on Raj Kundra and Shilpa Shetty, whose involvement has cast a shadow over their reputations and careers. However, they are yet to react to the new development.

Karnataka Police seizes Bitcoins worth Rs 9 crore from a Bengaluru hacker

Devanshu Singla — Fri, 15 Jan 2021 07:34:59 +0000

Sandeep Patil, Bengaluru Joint Commissioner of Police (Crime) on Friday informed that Karnataka Police has seized Bitcoins worth Rs 9 crore from Bengaluru based 25-year old hacker.

The hacker, Srikrishna alias Shreeki, was arrested on November 18 for allegedly breaking into government websites, online gaming portals and websites.

“During the investigation, it has been found that hacker Srikrishna hacked three Bitcoin exchanges and 10 poker sites. Bitcoins worth ₹9 crores have been seized in this matter,” Patil said.

Srikrishna used to hack online poker games to win money and Bitcoins online. He also confessed to hacking the e-procurement website of the Karnataka Government in 2019.

The hacker’s handiwork includes four hacked websites and three malware exploited.

CarryMinati’s Youtube account hacked, Hackers ask for donation in Bitcoins

Akul Puri — Sat, 25 Jul 2020 06:23:32 +0000

The Youtube account of the famous Indian Youtuber Ajey Nagar, popularly known as CarryMinati, has been hacked. The account Carryislive, through which the Youtuber posts gaming videos, was hacked during the early hours of Saturday.

Through his account, the hackers have been reportedly asking for donations in the form of Bitcoin by using a particular URL. The description of a Youtube video has been changed to “CHARITY STREAM: HELP ASSAM & BIHAR” and a URL was added in the description asking for donations.

https://twitter.com/AshishKr_Pandey/status/1286849673181814784

Nagar, posted the update on Twitter, tagging the official Youtube twitter account, asking for help.

@YouTubeIndia My channel Carryislive has been hacked, need immediate assistance.

— Ajey Nagar (@CarryMinati) July 24, 2020

After his tweet, Youtube responded quickly to this concern and is now supposedly working on the same.

This incident has taken place just a few days after the Twitter accounts of some of the famous personalities in the world was hacked. The personalities included Barack Obama, Warren Buffet, Elon Musk, Joe Biden and Bill Gates. The Twitter hacker, in a similar fashion, asked for donations from these accounts in the form of Bitcoins.

Carryislive is Ajey Nagar’s second Youtube channel apart from the first official one through which the he posts supposed “comedic skits” and reaction videos. The Youtuber has widely been in news for the offensive content that he uploaded on Youtube.

With over 70 million views, the Youtuber posted a video in the month of June, which was allegedly offensive to the queer community. He was accused of spreading homophobia and misogyny through his content and after a thorough review, the video was taken down by Youtube on the grounds of that the video offended the sentiments of a community.

Bitcoin Scam: Elon Musk, Jeff Bezos, Bill Gates Twitter accounts hacked

Lokesh Choudhary — Thu, 16 Jul 2020 02:53:18 +0000

Twitter accounts of Barak Obama, Joe Biden, Bill Gates and many other tech giants were reportedly hacked by some Con artist on Wednesday. According to the report of Hindustan Times, they were hacked for a bitcoin scam.

The stratagem involved some fake tweets from Barak Obama, Joe Biden Mike Bloomberg, Jeff Bezos, Bill Gates, and Elon Musk. The fake tweets from these accounts offered to send $2,000 for every $1,000 sent to a bitcoin address.

Twitter, later then put out a statement citing that it was aware of a “security incident impacting accounts on Twitter.” The company said that investigation is going on and it is working to fix the security breach.

It is noteworthy that the most powerful men in the world aren’t safe online. Bezos, Gates and Musk are among the 10 richest people in the world, with tens of millions of followers on Twitter.