- India’s biggest Crypto scam may grow to 1 trillion rupees, affecting over 100,000 people.
- The police have already traced 60,000 IDs and emails linked to the scam.
- The pyramid scheme of GainBitcoin enticed and conned hundreds and thousands of investors.
The magnitude of India’s GainBitcoin Ponzi scam that shook the nation in the past is turning out to be way bigger than anticipated. An IANS report suggests that more than 100,000 victims have lost over Rs 1 trillion to the scam.
The sheer size of the #GainBitcoin scam that rocked the nation some time back is turning out to be way bigger than thought, with reports suggesting that around 1 lakh victims may have lost more than Rs 1 trillion in the scam. pic.twitter.com/wvdZzebuSv
— IANS (@ians_india) June 16, 2022
As of now, the number of victims is gauged by the FIRs lodged against the GainBitcoin, which adds up to a total of 40 FIRs. 13 of them from Maharashtra alone, followed by Punjab and the rest of the country. The exact number of people who lost their hard-earned money to the scam is yet unknown.
GainBitcoin’s cryptocurrency investment fraud worth Rs 20 billion was initially unearthed in 2018. Since then, the reported amount of money scammed by the company has been ever-rising. Reportedly, the police have traced 60,000 user IDs and email addresses linked to this ponzi scam.
Late Amit Bhardwaj, the mastermind behind this scam who died earlier this year, has allegedly collected bitcoin (BTC)…
