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Author Topic: [19-07-18] Mastermind Behind Bitcoin Ponzi in India Offers to Compensate Victims  (Read 36 times)
bitzamp.com
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July 19, 2018, 12:55:40 PM
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The arrested Ponzi scheme kingpin behind India’s biggest cryptocurrency scam, Amit Bhardwaj, has now offered to pay back thousands of investors their initial investments in Indian rupees.

Zebpay, one of the largest cryptocurrency exchanges in India, was asked to help investigate the matter. However, the initial responses from investors seem to suggest that they will oppose this move, demanding their shares in the current market value of their original bitcoins.

“We want the returns in (today’s) cryptocurrency value and not the value of the cryptocurrency when we invested. Today, the Bitcoin price is much higher than what it was when we invested. It is like Bhardwaj will keep the profits and just return the principal amount which is wrong,” said a victim, who asked to stay anonymous in this story because investigations are not complete.

Read More: https://news.bitzamp.com/mastermind-behind-bitcoin-ponzi-in-india-offers-to-compensate-victims/
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July 20, 2018, 11:38:25 PM
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But it makes sense, if he stole 0.1 bitcoin, then he should give 0.1 bitcoin back, I'm not a lawyer, but I think that makes sense ... But it's up to the courts to decide that. it may be the case that he does not have enough money to compensate everyone and this is the only way he has to compensate everyone. the court will decide on the best way to proceed. I just worry that India has banned bitcoin so the court will base that fact and decide that everyone should be compensated for rupees

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July 21, 2018, 08:55:37 PM
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But it makes sense, if he stole 0.1 bitcoin, then he should give 0.1 bitcoin back, I'm not a lawyer, but I think that makes sense ... But it's up to the courts to decide that. it may be the case that he does not have enough money to compensate everyone and this is the only way he has to compensate everyone. the court will decide on the best way to proceed. I just worry that India has banned bitcoin so the court will base that fact and decide that everyone should be compensated for rupees


it makes sense if he still has the coins to pay
and I'm pretty amazed at how ...well,hopefull the indian "investors" are-should be happy to get their money back
they are lucky this dude hasn't gambled with the coins in any way,he could have bought some other coin with that and lose
and India didn't ban bitcoins,this Santa Barbara is going to be partially resolved on September 11th,when the final decision will be made over  the RBI initiative

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