IITian Varshney, linked to alleged Rs 20K crore GainBitcoin fraud, gets bail
Indian Express·2h ago·Neutral
What Happened
Delhi court granted bail to IIT alumnus Ayush Varshney, co-founder of Darwin Labs, in the alleged Rs 20,000-crore GainBitcoin cryptocurrency fraud case. The judge found no evidence that Varshney directly induced victims or received money from them. Varshney's company developed the technological infrastructure for GainBitcoin, including mining pool platform and payment systems. The scheme was allegedly floated by Variabletech Pte. Limited in 2015, promising investors ten percent monthly returns.
Key Entities
Ayush VarshneyDelhi CourtDarwin Labs Pvt LtdGainBitcoinCBIAmit BhardwajEnforcement DirectorateRs 20,000 crore