Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Former Indian Legislator Named ”Offender” in Bitcoin Extortion Inquiry

Former Indian Legislator Named ''Offender'' in Bitcoin Extortion Inquiry

Support free writers: > send a tip

written by

A former Indian legislator has been found a “proclaimed offender” by the local court presiding over a USD 1.3 million Bitcoin extortion case.

As reported by The Indian Express, former member of Legislative Assembly Nalin Kotadiya failed to show up in court regarding the case, despite multiple summonses. The Indian Criminal Investigation Department (CID) was not able to serve him an arrest warrant.

The sessions court Monday in Ahmedabad approved the CID’s application to register Kotadiya as an absconder from justice, meaning any resident can make his arrest and he is not at liberty to leave India.

An arrest warrant has also been issued for Jatin Patel, who has been declared a co-conspirator.

The case

Kotadiya became a person of interest earlier this year in the CID’s investigation that saw businessman Shailash Bhatt accuse a group of policeman extorting approximately USD 1.7 million in Bitcoin in February. New reporting indicates that Kotadiya stands accused of assisting in the police officers’ kidnap of Bhatt.

The case has an additional twist, as the victim Bhatt also faces his own accusations of extortion. He and an associate Kirit Paladiya face charges of extorting a member of BitConnect at gunpoint for around USD 22 million in cash and Bitcoin.

The director general of police Ashish Bhatia further discussed the case in a statement, saying: “Bhatt and his accomplices extorted Bitcoins and cash worth a total of Rs 155.14 crore. Later, they distributed the Bitcoins among themselves. Bhatt had kept around 700 Bitcoins.”

A report from the Hindustan Times cites Bhatt as an investor of BitConnect, which was shut down in India in January due to allegations of being a Bitcoin Ponzi scheme. The article describes the extortion as Bhatt’s plot to recover his investment.

Seven constables of the Amreli district police that are allegedly involved in the case are currently reported to be on the run.


Follow on Twitter at

Telegram Alerts from at

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter