Businessman robbed while trying to convert Rs 2 crore into cryptocurrency

Bengaluru: A businessman was allegedly robbed of Rs 2 crore while trying to convert the cash into cryptocurrency in northern Bengaluru on June 25.

Shriharsha V, 33, from Kengeri, told the police that he had arranged the money to import machinery from Germany for his new business. He wanted to convert the cash into USDT, a cryptocurrency stablecoin pegged to the US dollar, to make the payment when a group robbed him at knifepoint.

According to Shriharsha, the incident occurred at a shop called AK Enterprises near the MS Palya signal, Vidyaranyapura, at 4.30 pm.