RATE Group | Bitcoin ATM Saga: Indian Police Arrest Second Unocoin Co-founder
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Bitcoin ATM Saga: Indian Police Arrest Second Unocoin Co-founder

26 Oct Bitcoin ATM Saga: Indian Police Arrest Second Unocoin Co-founder

Posted at 22:46h in Bitcoin News by

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The law enforcement agents in Bengaluru, recently arrested the CEO and co-founder of Indian cryptocurrency trading company, Unocoin, leading to the death of Bitcoin ATM in Bengaluru. This comes on the heels of the arrest of Unocoin’s first co-founder earlier in the week.

Details of the Arrest

The situation seems to have worsened for India’s oldest virtual currency trading company, Unocoin, as a second co-founder and CEO of the company, Sathvik Viswanath, was arrested by Bengaluru’s Central Crime branch on Wednesday (October 24). The arrest of another Unocoin co-founder puts an end to the operation of the BTC ATM in the city.

According to Times of India, detectives confiscated Viswanath’s items which included a cell phone and a laptop. The thirty-two-year-old co-founder appeared before a judge in Tumakuru and was later kept in custody for a week.

A police officer noted that Viswanath collaborated with Harish to put up ATM kiosks to defraud the public.

S Girish of DCP…

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