🚨$240M Crypto Scam: Court Denies Bail to Key Accused in One of India’s Biggest Fraud Cases

A major crypto fraud case in India just took a decisive turn today. The Himachal Pradesh High Court has refused bail to Abhishek Sharma, one of the main accused in a massive $240 million cryptocurrency scam that impacted over 80,000 investors, including police personnel from multiple states.

Investigators say the scheme operated through platforms like Voscrow and Hypenext, luring people with promises of doubling their investments. The operation was exposed in 2023, leading to the creation of a Special Investigation Team to track down those involved. Most suspects are already in custody, but the alleged mastermind, Subhash Sharma, is still on the run.

The court cited the scale of the fraud, the large number of victims, and the potential risk of tampering with evidence as reasons for keeping Abhishek Sharma behind bars. This decision sends a strong message that large-scale crypto scams will face serious legal consequences, and justice will not be rushed when such significant amounts and victims are involved.