๐จ๐จ #CBICrackDown ๐จ๐จ
๐จ CBI Raids in Bitcoin Ponzi Scheme Investigation ๐จ
โ What happened?
๐ India's CBI conducted nationwide raids across 60+ locations on Feb 25, investigating a โน6,606 crore ($75.8M) Bitcoin Ponzi scheme.
๐ฅ Key Highlights:
๐ญ Scam Name: GainBitcoin
๐ฅ Masterminds: Bhardwaj Brothers (Amit & Vivek)
๐๏ธ Raided Cities: Delhi, Bengaluru, Pune, Nanded
๐ฐ Victims: ~8,000 investors
๐ False Promise: 10% monthly Bitcoin returns for 18 months
๐ Method: Investors bought BTC, but funds were used for ETH & MCAP tokens
๐ฎ Arrests: 8 so far (Amit Bhardwaj died in 2022)
โ๏ธ CBI's Goal: Full investigation & justice for victims
โ Benefits of This Investigation:
๐ Investor Protection โ Helps prevent future scams by exposing fraudsters.
โ๏ธ Legal Action โ Ensures justice for victims and punishes criminals.
๐ก Crypto Awareness โ Educates the public on Ponzi schemes & safe investing.
๐ Market Trust โ Strengthens confidence in legitimate crypto investments.
๐ข Stay cautious of crypto scams! Always DYOR (Do Your Own Research).
