Cryptocurrency fraud: Delhi Court orders Police to lodge FIR on fraud allegations by Bitcoin seller [Read Order]

The Court opined that there is a need to probe the alleged fraud committed by the accused, as well as whether there was any wrongdoing on the part of the complainant-seller and the intermediary involved.

A Delhi court on Thursday directed the Moti Nagar Police to register a First Information Report (FIR) on the complaint of a Bitcoin seller after bank accounts to which funds were transferred by the accused for Bitcoin purchase were frozen and the transactions marked as illegal (Hitesh Bhatia vs. Mr. Kumar Vivekanand).

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