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<keyword id="6573470" type="General" weightage="20" keywordseo="Satish-Kumbhani" source="Orion">Satish Kumbhani</keyword>, founder of cryptocurrency platform BitConnect who has been indicted in the US for running a $2.4 billion <keyword id="13198918" type="General" weightage="20" keywordseo="crypto-ponzi-scheme" source="Orion">crypto ponzi scheme</keyword>, has likely "relocated from India to an unknown location" abroad. A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi scheme. BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalisation of $3.4 billion. In total, Kumbhani, facing 70 years in prison if convicted, and his co-conspirators obtained approximately $2.4 billion from investors. In a latest filing in the US Securities and Exchange Commission (SEC), Senior Trial Counsel Richard Primoff said that since November, "the commission has been consulting with that country's (India's) financial regulatory authorities in an attempt to locate Kumbhani's address. At present, however, Kumbhani's location remains unknown". Kumbhani, 36, "has likely relocated from India to an unknown address in a foreign country", Primoff said in a court filing late on Monday. While Kumbhani was charged criminally by the US Department of Justice, the SEC separately sued Kumbhani in September 2021, claiming he fraudulently raised more than $2 billion for BitConnect. Primoff has now asked US District Judge for an extension until May 30 so that the "Commission may complete its investigation into their current whereabouts and, if it locates them within the United States, serve them in a timely fashion". "The Commission did not know the whereabouts of Kumbhani, an Indian citizen, at the time it filed this action, and BitConnect is an unincorporated entity the Commission must serve through its manager, Kumbhani," said Primoff in the filing. According to court documents, Kumbhani misled investors about BitConnect's "Lending Programme." Under this programme, Kumbhani and his co-conspirators touted BitConnect's purported proprietary technology, known as the "BitConnect Trading Bot" and "Volatility Software", as being able to generate substantial profits and guaranteed returns by using investors' money to trade on the volatility of cryptocurrency exchange markets. The indictment further alleged that, after operating for approximately one year, Kumbhani abruptly shut down the Lending Programme. Kumbhani then directed his network of promoters to fraudulently manipulate and prop up the price of BitConnect's digital currency, a commodity known as BitConnect Coin (BCC), to create the false appearance of legitimate market demand for BCC. "Kumbhani and his co-conspirators also concealed the location and control of the fraud proceeds obtained from investors by commingling, cycling, and exchanging the funds through BitConnect's cluster of cryptocurrency wallets and various internationally based cryptocurrency exchanges," according to US Department of Justice. "As cryptocurrency gains popularity and attracts investors worldwide, alleged fraudsters like Kumbhani are utilising increasingly complex schemes to defraud investors, oftentimes stealing millions of dollars,a said Ryan L. Korner, Special Agent in Charge, of the IRS Criminal Investigation's (IRS-CI) Los Angeles Field Office. Kumbhani is charged with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodity price manipulation, operation of an unlicensed money transmitting business, and conspiracy to commit international money laundering. If convicted of all counts, he faces a maximum total penalty of 70 years in prison. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/startups/news/swiggy-dunzo-zepto-and-grofers-should-roll-back-10-minute-delivery-says-petition/articleshow/89900739.cms">A netizen is seeking roll back of the 10 minute delivery feature on Swiggy, Dunzo, Zepto and Grofers</a> <a href="https://www.businessinsider.in/stock-market/news/as-long-as-mukesh-ambani-is-there-to-rescue-the-market-doesnt-care-about-future-retails-financial-stress/articleshow/89886569.cms">As long as Mukesh Ambani is there to rescue, the market doesn't care about Future Retail's financial stress</a> <a href="https://www.businessinsider.in/india/news/indian-economy-grows-by-5-4-in-oct-dec-lower-than-8-5-in-the-previous-quarter/articleshow/89898660.cms">Indian economy's growth slows down to 5.4% between October to December</a>

Indian founder on the run in global $2.4 billion crypto ponzi scheme

<keyword id="790242" type="UNKNOWN" weightage="100" keywordseo="WhatsApp">WhatsApp</keyword> is one of the most popular messengers today. The <keyword id="1953487" type="UNKNOWN" weightage="100" keywordseo="Messenger-platform">messenger platform</keyword> claims to have crossed 25 million active users in India and says it has a global user base of 350 million. Apparently, it is one of the coolest ways to talk these days and everyone loves being on it. 
 With a user base of 25 million in the country, it is not very difficult to imagine the huge amount of data accumulated on the app. The data, in form of messages, could be valuable information and you feel it is best to delete it – so that no one else can access it. We often delete messages, pictures and videos that are personal and sent through WhatsApp, and think we are safe from intrusion. But we forget that WhatsApp is not a device but a <keyword id="1953492" type="UNKNOWN" weightage="100" keywordseo="Sever-based-messenger-application">sever-based messenger application</keyword>, and in just 35 seconds, a tech-savvy person can recall every single message. 
 
Here are 6 easy steps to access your own ‘history’ on WhatsApp. 
 
Step 1: <keyword id="1953493" type="UNKNOWN" weightage="100" keywordseo="WhatsApp-decryption">WhatsApp decryption</keyword> is possible by copying the database which is on your <keyword id="6355645" type="COMPANY" weightage="100" keywordseo="android">Android</keyword> phone in the form of a file: /sdcard/WhatsApp/Databases/msgstore.db.crypt (encrypted database on SD card can be created by starting backup from WhatsApp’s advanced settings: settings – more – Backup Chats or /data/data/com.whatsapp/databases/msgstore.db and wa.db). 
 
Step 2: Extract this archive (Whatsapp_Xtract....zip) to a certain folder on your computer, such as C:\WhatsApp. 
 
Step 3: Copy the database(s) to (say) C:\WhatsApp (on Android, you simply copy the whole folder WhatsApp on SD card to your computer [it can be C:\WhatsApp] and then copy the database file from C:\WhatsApp\Databases to C:\WhatsApp). 
 
Step 4: You need Python and (for Android msgstore.db.crypt decryption) the PyCrypto library. The easiest way is to install ActivePython (on Windows, choose the 32bit version even if you have 64bit windows) is from here: http://www.activestate.com/activepython/downloads. Next, run Install pyCrypto.bat (contained in this archive). 
 
Step 5: Now run whatsapp_xtract_android.bat or whatsapp_xtract_android_crypted.bat or whatsapp_xtract_iphone.bat. 
 
Step 6: Now you can see all the messages in an HTML page. 
 <keyword id="434001" type="UNKNOWN" weightage="100" keywordseo="Security-experts">Security experts</keyword> have found many other ways to crack WhatsApp. In this technique, we can decrypt whole messages and can actually see the encrypted, saved message. Also, there are some websites like www.recovermessages.com that can help you recover deleted messages from WhatsApp. Here is how it is done. 
 
Step 1: First follow the path: whatsapp/data/msgstore.crypt. 
 
Step 2: Upload the <keyword id="393947" type="UNKNOWN" weightage="100" keywordseo="encrypted-file">encrypted file</keyword> to www.recovermessages.com. 
 
Step 3: After uploading, you can see all the messages in that file. 
 Although we have spotted a weak link in WhatsApp, which is one of the most used <keyword id="1953495" type="UNKNOWN" weightage="100" keywordseo="Free-messenger-service">free messenger service</keyword>, similar hacks are possible on other <keyword id="1953497" type="UNKNOWN" weightage="100" keywordseo="Free-messaging-services">free messaging services</keyword>, making them highly vulnerable. So one should keep in mind that no form of texting is private and only a thorough awareness of such practices makes people safeguard their interests. 
 
About the author: Saket Modi is a <keyword id="1914469" type="POSITION" weightage="60" keywordseo="computer-science-engineer">Computer Science engineer</keyword> from LNMIIT Jaipur. He is the CEO and co-founder of <keyword id="1953499" type="UNKNOWN" weightage="100" keywordseo="Lucideus">Lucideus</keyword>.

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Indian founder on the run in global $2.4 billion crypto ponzi scheme

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