Indian police force in the city of Bangalore has raided an ATM operated by local cryptocurrency exchange Unocoin just weeks after it was set up.

The Times of India said in a news report on Wednesday that Harish BV, co-founder and chief technology officer of the Unocoin exchange, was arrested on Tuesday as he was operating the ATM which was installed in a shopping mall and revealed on Oct. 14.

According to the report, the Central Crime Branch of the local police seized the ATM, two laptops, a mobile, three credit cards, five debit cards, a passport and Indian rupees worth about $2,500.

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