Crypto News

8 million) in its ongoing investigation into the Gainbitcoin scam. The investigative agency conducted raids across over 60 locations in India, uncovering key evidence related to the case. What is Gainbitcoin scam? The Gainbitcoin scam, also known as the GB21 scam, was a cryptocurrency pyramid scheme that operated in India between 2015 and 2018. It promised investors high returns on their investments in bitcoin mining, but in reality, it was a fraudulent scheme that scammed thousands of people out of their money. The mastermind behind the scam, Amit Bhardwaj, was arrested in 2018 and is currently facing trial. How did CBI seize the cryptocurrencies? The Central Bureau of Investigation conducted raids across over 60 locations in India, including Bhardwaj's offices, residences, and other properties. During the raids, the CBI seized various cryptocurrencies, including bitcoin, ethereum, and ripple, along with other incriminating evidence such a...