Explained: What is the ‘Bitcoin Scam’ That Has Rocked Karnataka’s BJP Govt? – The Quint

In November 2020, the Central Crime Branch had reportedly seized 31 bitcoins worth Rs nine crore from the Bengaluru-based hacker.

Initially, the Central Crime Branch claimed that it had managed to recover 31 bitcoins estimated then at nearly Rs 9 crore.

Chief Minister Bommai on 14 November said that his government will act against all those involved in the scam.

ED is already conducting the probe and the CBI has taken it to Interpol as well.

These bitcoins are, however, no longer with the CCB, raising suspicion about corruption within the police ranks.

However, the claim was withdrawn later after the CCB alleged that the accused had misled the probing agency into thinking that he had transferred the coins.

However, why did the Congress, which was in power in 2016 and 2018, not take any action, he asked.

It is our government which recommended the ED and the CBI to probe the case.

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