🚨 The Secret Crypto Transactions Worth Tk20 Crore
In 2021, Bangladesh’s Rapid Action Battalion (RAB) arrested two individuals involved in illegal cryptocurrency trading, uncovering transactions worth Tk20 crore ($1.8 million USD). The suspects, MS Khan Sohan (26) and Hridoy Sarkar (23), were running an underground crypto exchange, despite Bangladesh’s strict ban on digital currencies.
✔️ The duo operated through e-wallet.com.bd, a payment gateway used for crypto transactions.
✔️ They had over 42,712 successful transactions, moving millions through various crypto platforms.
✔️ Payments were collected via bKash, Nagad, and Rocket, making it harder for authorities to track.
This wasn’t just a small-scale operation—it was a full-fledged underground crypto market.
💰 The Arrest – How Authorities Cracked Down
🚨 RAB conducted a raid in Keraniganj, Dhaka, seizing laptops and mobile phones used for crypto trading.
🚨 Investigators found that Sohan was the founder and admin of e-wallet.com.bd, running multiple crypto accounts.
🚨 The suspects were charged under the Digital Security Act, marking one of Bangladesh’s biggest crypto-related arrests.
For years, crypto trading was happening in secret, but this case brought it into the spotlight.
🔥 The Exposure – The Aftermath of the Scandal
✔️ Bangladesh Bank reaffirmed its ban on cryptocurrency, warning citizens against digital asset transactions.
✔️ Authorities began monitoring online financial activities more closely, tightening regulations.
✔️ Despite the crackdown, underground crypto trading continues, with traders finding new ways to bypass restrictions.
This case wasn’t just about two individuals—it exposed Bangladesh’s hidden crypto economy.
⚖️ The Aftermath – A Warning for Crypto Investors
🚨 Crypto remains illegal in Bangladesh, making transactions risky.
🚨 Authorities are actively tracking digital financial activities, increasing enforcement.
🚨 Despite bans, crypto adoption is growing, with traders using VPNs and offshore exchanges.
This scandal wasn’t just another crypto bust—it was a wake-up call for Bangladesh’s financial regulators.
🔮 Lessons Learned – What This Means for the Future
🚨 Crypto bans don’t stop adoption, they just push it underground.
🚨 Regulation is evolving, and Bangladesh may eventually reconsider its stance.
🚨 Digital finance is unstoppable, and crypto will continue to challenge traditional banking systems.
The story of Bangladesh’s Tk20 crore crypto scandal isn’t just speculation—it’s a real case that exposed the country’s underground Bitcoin market.
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