Alleged conversion of Rs. 156.22 Cr defrauded amount to Cryptocurrency: P&H HC denies Regular Bail to Accused in Winmoney Scam on Telegram [Read Order]

Scam - defrauded amount - Cryptocurrency - Punjab and Haryana High Court - Bail - Accused - Winmoney Scam on Telegram - Winmoney Scam - Telegram - Taxscan

The Punjab and Haryana High Court has recently denied bail to the accused in Winmoney Scam on Telegram for alleged conversion of defrauded amount to the tune of Rs. 156.22 Crore to USDT (Tether), a cryptocurrency, with value always equal to 1 US Dollar. Such cryptocurrencies are known as stable coins. This petition has been…

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