[India's Enforcement Directorate Arrests Two Suspects in BitConnect Fraud Case, Involved in Kidnapping and Extortion of 2,254 BTC] Odaily Planet Daily News: India's Enforcement Directorate has arrested Nikunj Pravinbhai Bhatt and Sanjay Kotadia, who are suspected of participating in the BitConnect cryptocurrency fraud and related kidnapping and extortion cases. Investigations revealed that the criminal group extorted 2,254 Bitcoins, 11,000 Litecoins, and 145 million rupees in cash by kidnapping victims. Some of the extorted Bitcoins were converted into ETH and USDT and transferred through multi-layered wallets. The Enforcement Directorate has frozen assets worth approximately 190 million rupees, including crypto assets, stocks, and cash. To date, the total assets seized or frozen in this case amount to approximately 21.7 billion rupees. BitConnect had falsely promoted its AI trading bot as capable of generating 40% monthly returns to lure investors. The investigation is still ongoing.