On January 31 , 2018 , a temporary restraining order froze Bitconnect 's assets , expiring on February 13th . However , Bitconnect as an entity never actually existed , so it is unclear what assets Bitconnect has ( or ever had ) . An alleged India region leader ( one level below founder ) of Bitconnect , Divyesh Darji , was arrested in Delhi , India in August 18 , 2018 . It is suspected that Mr. Darji is connected to well known criminal entities involved in laundering so-called " Black Money " after the Indian government demonetization of the rupee
demonetization of the rupee
2016 Indian banknote demonetisation
Bitconnect