India’s biggest crypto ponzi scam may grow to Rs 1 tn, affecting 1 lakh people

New Delhi: The sheer size of the GainBitcoin scam that rocked the nation some time back is turning out to be way bigger than thought, with reports suggesting that around 1 lakh victims may have lost more than Rs 1 trillion in the scam.
With a total of 40 FIRs registered by victims (more than 13 FIRs in Maharashtra alone)and Punjab, a large number of people from other states may have also lost their hard-earned savings in the GainBitcoin scam.
Amit Bhardwaj, the mastermind who died of cardiac arrest earlier this year, may have collected Bitcoins anywhere between 385,000 to 600,000, amounting to more than Rs 1 trillion.
Also Read Crypto lender Celsius Network pauses all withdrawals, transfers The amount may even be bigger as Bitcoin prices remain volatile and dropped from its all-time high of around $68,000 in November last year to around $21,000 as of now.
Taking the current Bitcoin price of around Rs 23,57,250 per Bitcoin, the total amount comes to nearly Rs 90,500 crore.
To date, more than 60,000 user IDs and email addresses have been traced by Pune police in the GainBitcoin case, according to multiple media reports.