Delhi police raid cryptocurrency mining unit in Dehradun, seize equipment
Delhi Police Cyber Cell raided a cryptocurrency mining unit in Dehradun and seized hundreds of high-powered computer processors, graphics cards and servers. The police led the raid after the unit came under the radar for an alleged cheating and fraud case.
The 4,000 sq ft complex in Dehradun employed about 100 mining rigs minting Ethereum, Times of India reported. The police said that the owners of the rig were also involved in a Ponzi scheme involving Bitcoins through their website bits2btc.com and cheated people of over Rs 100 crore.
Owners of the complex Kamal Singh, a DU graduate, and Vijay Kumar, an engineer, were arrested on April 25 for duping. They along with another person, SS Alagh who is absconding ran the mining operations. They told their neighbours that it was a computer processor unit with servers of a big company.
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