#CryptoNews
Crypto news
The most recent development in the crypto world is that Indian authorities
have seized nearly $190 million in cryptocurrency linked to the
BitConnect Ponzi scheme, which collapsed in 2018, as of Sunday,
February 16, 2025.23 Additionally, Argentine President Javier Milei faces
fraud allegations after promoting a cryptocurrency called $LIBRA on social
media, leading to significant financial losses for investors.
**Indian Authorities Seize $190M in Crypto**: Indian authorities seized
nearly $190 million in cryptocurrency linked to the BitConnect Ponzi scheme.
The Enforcement Directorate (ED) in Ahmedabad seized the cryptocurrency
during its investigation into the BitConnect cryptocurrency fraud.
Fraud Allegations Against Milei: Argentine President Javier Milei faces
fraud charges after promoting a cryptocurrency called $LIBRA on social
media, leading to significant financial losses for investors.
He deleted the post hours later, and insiders reportedly cashed out
over $100 million before the cryptocurrency collapsed.
Binance Tops Crypto App Rankings:
Binance has topped PYMNTS' provider rankings of US crypto apps, with users
attracted by the potential for profit, low transaction fees, and increasing
acceptance of cryptocurrencies by businesses.
