The Central Bureau of Investigation (CBI) of India has disclosed the arrest of Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs, at Mumbai Airport. He is suspected of involvement in the GainBitcoin cryptocurrency scam involving approximately $790 million (66.06 billion rupees). The investigation revealed that Darwin Labs was responsible for building the core technological infrastructure of the scheme, including the investor platform, GBMiners mining pool, payment gateway, and wallets. The scheme involved about 8,000 investors, who were falsely promised a 10% monthly Bitcoin return through Variabletech Pte. Ltd., and ultimately transferred assets into their issued MCAP tokens. The mastermind behind the case, Amit Bhardwaj, passed away in 2022. Indian authorities had conducted searches at over 60 locations related to the case in February 2025. (Cointelegraph)

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