Man behind 485Cr bitcoin scam in India murdered, 5 arrested

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In the Indian city Dehradun, police found the alleged man behind a 485cr ($67 million) bitcoin scam dead. According to the timesofindia report, police arrested five members of the core team who allegedly killed Abdul Shakoor, the man behind the fraud. Police informed that five men had dumped Abdul’s body in a hospital and ran away. Abdul was tortured to death.

Police have arrested Faris Mamnoon, Arvind C, Asif Ali, Sufail Mukhtar, and Aftab for allegedly torturing Abdul to death. Police reported that bitcoin scam worth of hundreds of crores led to the murder of Abdul who had lured people into investing in bitcoin, and when he suffered loses, he fled the state with his team.

Police reported that during the questioning the accused told that Abdul was deceiving his partners by saying his bitcoin account got hacked and he had lost all the funds. But they did not believe him and made a plan to get the password from Abdul by torturing him, which led to Abdul’s death.

It is not clear whether Abdul had really lost the bitcoins he had collected, or he was deceiving his associates. After his death, it is doubtful that investors would get back their funds that they had invested with Abdul.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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