Bitcoin case: Sessions court granted two more days’ remand of Kirit Paladiya to CID

Sessions court granted two more days remand to CID (Crime) for Kirit Paladiya in the Shailesh Bhatt kidnapping and bitcoin extortion case.

CID (Crime) on Wednesday had recovered 119 bitcoins worth Rs 7.2 crore from Kirit Paladiya’s Binance wallet. In the course of  CID (Crime) investigation the 23 missing bitcoins, it was revealed that Paladiya had lost the 23 bitcoins in trading.

Paladiya was arrested by CID (Crime) on May 4 and during the investigation, he was revealed to be the mastermind behind the crimes. CID (Crime) had sought eight days remand from the court but was granted two days.

Sudhir Bhrambhatt, a government lawyer in the case, said, “We have sought eight days remand before the court, however, the court granted two days remand till May 12.”

As per CID officials, it was revealed during interrogation that Paladiya had installed an automated bitcoin trading robot named BTC Robot inside his Binance wallet which had 142 bitcoins.During the automated trading process, Paladiya lost 23 bitcoins





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