India Seizes $2.75M in Crypto, Launches Nationwide Raids in $760M GainBitcoin Investigation

Description

India’s Central Bureau of Investigation (CBI) is conducting raids across the seventh-largest country in the world in connection to the infamous GainBitcoin scam from 2015. On Tuesday, 25 February, the bureau announced that it began the raids at more than 60 locations in the nation’s major cities. These include Delhi, Pune, Bengaluru, Kolhapur, Chandigarh, and Nanded, among others. These locations, says the press release, are connected to key suspects, their associates, and related entities. Thes...