On January 31, 2018, a temporary restraining order froze Bitconnect's assets, expiring on February 13. However, Bitconnect as an entity never actually existed, so it is unclear what assets Bitconnect has (or ever had). An alleged India-region leader (one level below founder) of Bitconnect, Divyesh Darji, was arrested in Delhi, India, on August 18, 2018. It is suspected that Mr. Darji is connected to well-known criminal entities involved in laundering so-called "Black Money" after the Indian government demonetization of the rupee. In 2019, Darji was arrested and released on bail in connection with a similar scam called Regal Coin.