CBI arrests co-founder in ₹20,000 crore crypto scam 🚨
Ayush Varshney, co-founder of Darwin Labs, was taken into custody in the Gain Bitcoin Ponzi case.
He allegedly built the tech backbone of the scam:
- GBMiners mining pool
- Coin Bank wallet
- GainBitcoin website
The scheme promised investors 10% monthly returns in Bitcoin.
Early payouts fooled many, but when new funds dried up, they switched to MCAP token, losing value.
The scam used an MLM-style structure across multiple states. FIRs filed from Jammu & Kashmir to West Bengal.
Varshney tried to flee the country, but was caught by the CBI.
The investigation is ongoing to trace funds and identify all involved.
This shows how crypto scams can look legitimate, and why oversight is crucial.