The Karnataka Bitcoin scam has taken a new turn as the co-founders of a cryptocurrency exchange have secured anticipatory bail. This means they will not be arrested until the court hears their case.

The scam involves a large sum of money, estimated to be around 17,000 crores (approximately $2.1 billion USD), and has been under investigation by the Enforcement Directorate (ED) since last year. The ED has been looking into allegations that the cryptocurrency exchange was involved in money laundering and other illegal activities.

The co-founders, who have not been named, had applied for anticipatory bail fearing arrest by the ED. Their lawyers argued that they had cooperated with the investigation and had handed over all necessary documents and information. They also claimed that they had no role in the scam and were being unfairly targeted.

The court granted them bail on the condition that they would appear before the ED whenever summoned and would not leave the country without permission. This means that they will have to regularly present themselves before the investigators and will not be able to travel abroad without the court's permission.

The Karnataka Bitcoin scam has been making headlines for months, with many people being arrested and questioned in connection with the case. The ED has been working to unravel the complex web of transactions and investments made by the accused. The case has also raised questions about the regulation of cryptocurrencies in India and the need for stricter laws to prevent such scams in the future.