TechFlow news, February 26 — According to Bitcoin News, India's Central Bureau of Investigation is conducting a large-scale probe into the GainBitcoin cryptocurrency scam, raiding over 60 locations across India. The case involves approximately $75.8 million.
GainBitcoin was a Ponzi scheme launched in 2015 by Amit Bhardwaj (deceased) and his brother Ajay Bhardwaj. It promised investors 10% monthly returns in Bitcoin through "cloud mining" contracts over an 18-month period. After beginning to collapse in 2017, it switched payment from Bitcoin to its own internal token, MCAP, which held significantly lower value.




