
Sunil Kumar
@sunil12349
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56 Followers
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India’s Central Bureau of Investigation (CBI) has conducted raids at 60 locations across the country, including in cities such as Delhi NCR, Pune, Nanded, Kolhapur, and Bengaluru, as part of its investigation into the $800 million (₹6,600 crore) GainBitcoin scam.
Launched in 2015 by Amit Bhardwaj (who passed away in 2022) and his brother Ajay Bhardwaj, GainBitcoin, which operated under Variabletech Pte. Ltd., promised investors lucrative returns of 10% monthly in Bitcoin (BTC) through “cloud mining contracts.”
“CBI took over these cases and conducted an omnibus and comprehensive investigation to uncover the full extent of the fraud, identify all accused parties, and trace the misappropriated funds, including international transactions,” the agency said in a Tuesday statement.
During the raids, the CBI seized incriminating digital evidence, including crypto wallets, emails, and cloud data, crucial to tracing the funds—some of which have allegedly been laundered across international borders. 0 reply
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