Indian authorities confiscate $3 million in Bitcoin from scammers

Indian law enforcers and authorities confiscate three million dollars ($3M) in Bitcoin from a scammer group, reported the Times of India. Bitcoin (BTC) and other cryptocurrencies are surely much more secure than average financial systems; however, it does not mean that the ecosystem is free of scams and swindles. Many cryptocurrency projects including start-ups as well as ICOs and exchanges have been proven to be scams over the last couple of years, and now one such a case has reared its ugly head in Asia. In Gujarat India, property worth around five million dollars ($5,000,000) was confiscated from the person