New Delhi, May 5: The Delhi Police's Cyber Cell has arrested two individuals with links to bitcoin ponzi kingpin Amit Bhardwaj. The duo, Kamal Singh and Vijay Kumar, are charged of owning the bitcoin investment firm - bits2btc - which allegedly defrauded over 2,500 people of a collective amount of Rs 100 crores.

Singh and Kumar were arrested on April 25. During the course of investigation, they revealed to have duped over 2,500 investors in the national capital region, promising them nearly twice the amount invested within a span of three months.

The accused had also set-up a bitcoin minting unit in Dehradun, with over over 100 Ethereum rigs, high-powered servers and 500 graphic cards.

Their partner, SS Alagh, who is still at large, had closely worked for Gainbitcoin, the bitcoin investment company headed by Amit Bhardwaj.

Bhardwaj, who is charged of duping people to the tune of Rs 2,000 crores, was arrested on April 5 at the Delhi airport. He was extradited back from Bangkok, where he remained at large after conning hundreds of investors in India.

Regarded as a bitcoin wizard, Bhardwaj has penned three books on the subject, including 'Cryptocurrency For Beginners', 'Cryptocurrency Trading' and 'Cryptocurrency Mining.' His arrest also led to the crackdown on angel investors Nikunj Jain and Sahil Baghla, who were arrested by the cyber wing of Pune Police last month.

(The above story first appeared on LatestLY on May 05, 2018 08:43 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).