Property worth over Rs 38 Crore ($5.5 million) has been seized in the Indian state of Gujarati from promoters of the Bitconnect cryptocurrency scam. According to the Times of India, the property includes 280 Bitcoins which at the current prices are worth nearly $2.9 million. The seizure of the properties follows the arrest of Bitconnect promoter for the Asia region Rakesh Savani, over the weekend. Other properties which are believed to have been acquired using proceeds from the Bitconnect scam include land worth around Rs 18 crore ($2.6 million). Apart from seizing two properties worth Rs 15 crore and 3.23 crore ... (full story)