Former BitConnect India chief on the run after promoting another crypto-scam

2019-6-4 10:43

India‘s authorities have uncovered more cryptocurrency scams connected to the alleged head of BitConnect Asia, Divyesh Darji, Times of India reports. Police claim Darji had also been marketing another dubious cryptocurrency-related investment, “Regal Coin,” by offering short-term returns of 5,000 percent on any investments made.

He’s also alleged to have promised Regal Coin would make investors more money than holding Bitcoin, but they would need to stay invested for at least 99 days.  Darji’s name also appeared during investigations into another potentially fraudulent digital asset known as “Dekado coin. ” Regal Coin and BitConnect shared some similarities. A police spokesperson maintains Darji…

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