India’s bitcoin extortion case was released on bail and extorted 200 bitcoins from the victim

On May 3, Nalin Kotadiya, a bitcoin extortion case in the High Court of Gujarat, India, was granted conditional bail. The judge ruled that bail would be granted on the condition that Kotadiya could not enter Amreli in the coming year. In addition, he must submit a certificate that will not claim any bitcoin or assets recovered during the investigation. According to the Odaily Planet Daily, Nalin Kotadiya had previously held a public office in the Indian legislature and was arrested by the police after being suspected of involvement in a kidnapping against Bitcoin holders. It is reported that Nalin Kotadiya had extorted 200 bitcoins from the victims.