According to police, Abdul Shakoor, who hailed from Kerala, had been on the run from investors for the past two months. On Wednesday night, the 24-year-old's accomplices tortured him till he died, and then left his body in the ward of a hospital in Dehradun and fled.
Terrorists have been slow to join other criminal elements that have been drawn to Bitcoin and have used it for everything from drug purchases to money laundering. But in recent months, government authorities and organizations that track terrorist financing have begun to raise alarms about an uptick.
Bitcoin's surge sent smaller cryptocurrencies, known as "altcoins," trading higher. Ethereum's ether and Ripple's XRP, respectively the second- and third-largest coins, both jumped by more than 10 percent.
Superintendent of Police Jagdish Patel was accused of being part of a conspiracy of kidnapping the Surat-based “businessman” Shailesh Bhatt and others in Gandhinagar and extorting cryptocurrency Bitcoin worth crores of rupees.