Breaking News
Hey friends, here’s a simple and easy-to-follow update from the crypto world:
The Himachal Pradesh High Court in India has refused bail for Abhishek Sharma, who’s accused in a massive $228 million crypto fraud case that deceived more than 80,000 investors through platforms like Voscrow and Hypenext. The court emphasized that economic crimes of this scale seriously affect society and must be treated with gravity—even though Sharma has been in custody since October 28, 2023 .
Justice Sushil Kukreja pointed out that constitutional rights like speedy trials can’t override the need to consider the broader public and state interest when someone is suspected of an economic offense of such magnitude . The fraud, which began in 2018 and came to light in 2023, was orchestrated by a group that promised to double investments in virtual currency—targets included even state police officers. While the main accused, Subhash Sharma, remains on the run, Abhishek Sharma has been held accountable as a top associate in the scheme .
Let me know if you’d like more details about the case or how the investigation is unfolding.
Source:Times of India