CBI Targets GainBitcoin Scam: Nationwide Raids Reveal Massive Crypto Fraud

Indian authorities have launched a massive investigation into the GainBitcoin cryptocurrency scam, targeting 60 locations across the country in a coordinated operation. The Central Bureau of Investigation (CBI) is investigating individuals and companies linked to Amit Bhardwaj’s alleged Ponzi scheme that promised high Bitcoin returns but ultimately delivered substantial losses for investors. The investigation has revealed how the scheme shifted from Bitcoin payouts to its own cryptocurrency, MCAP, as it faltered in 2017.