Indian Authorities Seize Assets In $162M Crypto Scam 不不不不

Nishad K and his associates perpetrated a crypto scam in which some 900 investors were cheated out of approximately US$162.4 million.

The accused and his accomplices had collected money from investors under the pretext of an Initial Coin Offering of a non-existent cryptocurrency called Morris Coin.

The money collected from investors was used to purchase properties, cars, luxury hotels and resort stays.

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