CBICrackDown

The Central Bureau of Investigation (CBI) in India has seized cryptocurrency worth 239.4 million Indian Rupees (around 2.75 million USD) as part of the ongoing investigation into the Gainbitcoin fraud case, according to a report by PANews. This operation, conducted between February 25 and 26, 2025, was part of a nationwide effort to crack down on individuals and organizations suspected of involvement in money laundering activities. Raids were carried out across more than 60 locations, spanning major cities such as Delhi, Pune, Nadiad, Kolhapur, Mumbai, Bangalore, Chandigarh, Mohali, Jhansi, and Hubli.#CBICrackDown

🚨🚨 #CBICrackDown 🚨🚨
🚨 Latest Update: India's CBI Seizes Cryptocurrency in GainBitcoin Scam Crackdown! 🚨

🔍 What happened?
👉 The Central Bureau of Investigation (CBI) conducted a nationwide crackdown on February 25-26, 2025, targeting fraudulent cryptocurrency schemes! 🚔💰

📌 Key Highlights:

🔹 💰 Massive Crypto Seizure:
💎 The CBI confiscated cryptocurrencies worth ₹23.94 crore ($2.75 million USD)! 💎

🔹 📍 Widespread Raids:
🔎 Searches were carried out across 60+ locations, including:
🏙️ Delhi NCR
🏙️ Pune
🏙️ Mumbai
🏙️ Bangalore
🏙️ Chandigarh
🏙️ Mohali
🏙️ Jhansi
🏙️ Hubli

🔹 🖥️ Items Seized:
📂 121 documents 📄
💽 34 laptops/hard disks 💾
📱 12 mobile phones 📟
🖥️ Crypto wallets & digital evidence 🔐

🔹 ⚠️ What Was the Scam?
🚨 Launched in 2015 by Amit Bhardwaj & Ajay Bhardwaj, GainBitcoin promised:
💸 10% monthly returns on Bitcoin investments over 18 months! 💸
🔗 It operated as an MLM scheme, initially paying out in Bitcoin but later switching to a worthless token MCAP 🎭
📉 This devalued assets and led to massive financial losses for investors! 😱

🔹 ⚖️ Legal Action:
⚡ Multiple FIRs registered across 🇮🇳 Jammu & Kashmir, Punjab, Chandigarh, Delhi, West Bengal, Madhya Pradesh, Karnataka, Maharashtra!
⚖️ The Supreme Court transferred the case to the CBI for an in-depth probe!

🔹 💡 What’s Next?
🕵️‍♂️ The CBI is still investigating to uncover the full scale of the scam and track misappropriated funds—some of which may have crossed international borders! 🌍

🔥 This is one of India's biggest cryptocurrency fraud busts! Stay tuned for more updates! 🚀

🚨🚨 #CBICrackDown 🚨🚨
🚨 CBI Raids in Bitcoin Ponzi Scheme Investigation 🚨

❓ What happened?

🔎 India's CBI conducted nationwide raids across 60+ locations on Feb 25, investigating a ₹6,606 crore ($75.8M) Bitcoin Ponzi scheme.

🔥 Key Highlights:

🎭 Scam Name: GainBitcoin

👥 Masterminds: Bhardwaj Brothers (Amit & Vivek)

🏙️ Raided Cities: Delhi, Bengaluru, Pune, Nanded

💰 Victims: ~8,000 investors

📉 False Promise: 10% monthly Bitcoin returns for 18 months

🔗 Method: Investors bought BTC, but funds were used for ETH & MCAP tokens

👮 Arrests: 8 so far (Amit Bhardwaj died in 2022)

⚖️ CBI's Goal: Full investigation & justice for victims

✅ Benefits of This Investigation:

🔍 Investor Protection – Helps prevent future scams by exposing fraudsters.

⚖️ Legal Action – Ensures justice for victims and punishes criminals.

💡 Crypto Awareness – Educates the public on Ponzi schemes & safe investing.

🚀 Market Trust – Strengthens confidence in legitimate crypto investments.

📢 Stay cautious of crypto scams! Always DYOR (Do Your Own Research).