Amit Bhardwaj, Indian Bitcoin Ponzi conspirer has offered compensation to victims in Indian currency to those who lost money through his scheme. He is the founder of GBminers and Gainbitcoin. As reported by Factor Daily, Zebpay, one of India’s largest crypto exchanges, has also been called in to help with the investigation.
Many investors have filed police complaints in various cities like Pune, Mumbai, Nanded (Maharashtra), Kolkata, Delhi and others cities. Investors have expressed that they will fight to get back the market value of their investments. Amit Bhardwaj betrayed the investors by persuading them to make investment in Bitcoin [BTC] for an amazing measure of return.
One of the victims of the Bitcoin ponzi scam said that,
We want the returns in (today’s) cryptocurrency value and not the value of the cryptocurrency when we invested. Today, the Bitcoin price is much higher than what it was when we invested. It is like Amit Bhardwaj will keep the profits and just return the principal amount which is wrong.
In an interview with FactorDaily, Jayram Paygude, the inspector at Pune Cyber Crime Cell said,
Zebpay is the platform through which investment and sale of bitcoins were done in this case, which is why they were called for an inquiry.
In the year 2015, more than US$146 million is estimated to have been invested in the Bhardwaj’s Gainbitcoin. The issue was even raised in an assembly session by Hemant Takle, a member of Nationalist Congress Party. He said,
It should be noted that offenses have been registered in Vashi police station, Nigdi police station, Nanded airport police station, and Khadakpada police station, the main accused have been taken into custody, but there hasn’t been recovery of any bitcoins in these cases. This makes one think whether the police is helping the accused in the case.” However, his accusations were rejected by a minister from the state of Maharashtra, Deepak Kesarkar.
You might also like
More from Scam
The cryptocurrency space is notoriously known for its high-profile exchange hacks, heists, and high-tech sim-swapping cases that are reported frequently …