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Gain Bitcoin, a corporation located in India, has been suspected of perpetrating one of the country’s greatest frauds. Authorities broke down this unlawful business in March 2022, which was suspected of stealing $3.8 billion from 100,000 victims. According to current data, the figure is even higher.
Over 40 reports of Gain Bitcoin or GainBitcoin victims have been made with local authorities. The con defrauded folks all around the country. According to new estimates, the illicit enterprise may have robbed victims of up to 600,000 BTC.
The overall worth of the frauds is determined by Bitcoin’s price. The most valuable cryptocurrency by market capitalization has lost nearly 60% of its worth since 2021 and now trades at $20,500, down 31% in the last week.
After Amit’s death, his brother Ajay Bhardwaj is the main suspect. Investigators in the area have tried to get Ajay to hand over the private keys(or the encryption information) and passcode to the cryptocurrency wallet that may contain the stolen currency.
Ajay declined to cooperate with authorities during his trial in March 2022. His legal counsel contended that Bhardwaj, who is still alive, lacks the necessary expertise to manage a crypto wallet.
According to the mainstream media, local law enforcement authorities have over 60,000 IDs and e – mail addresses on file from possible victims. The illicit activity drew these folks in because of its profits. On their BTC deposits, clients were guaranteed a risk-free 10% monthly reward.
According to the study, those who accepted to lend their BTC were given higher monthly payouts in exchange.
© Copyright 2022. The Coin Republic
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