India arrests key suspect in GainBitcoin scam case

DeepFlowTech · 2026-03-11T14:11:41+00:00

India's Central Bureau of Investigation has arrested Darwin Labs CTO Ayush Varshney for his alleged involvement in the GainBitcoin crypto scam, which affected 8,000 investors and resulted in losses of approximately 660 billion rupees (about $7.9 billion). The case is one of the largest crypto frauds in India.

DeepFlowTech

2026-03-11 14:11:41

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Deep Tide TechFlow News, March 11 — According to Cointelegraph, the Central Bureau of Investigation (CBI) in India arrested Darwin Labs co-founder and CTO Ayush Varshney this week at Mumbai Airport as he was attempting to leave the country.

Darwin Labs is accused of providing core technological infrastructure for the GainBitcoin scam platform, including investor platforms, Bitcoin payment gateways, and wallet systems. The case involves approximately 8,000 investors with an estimated loss of about 660.6 billion rupees (approximately $7.9 billion), making it one of the largest cryptocurrency fraud cases in India. The mastermind of the case, Amit Bhardwaj, passed away in 2022 while on bail.

Earlier reports indicated that Indian authorities raided over 60 locations across the country investigating the GainBitcoin crypto scam, involving approximately $75.8 million.

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