Indian CBI Arrests Ayush Varshney, Darwin Labs Co-Founder, Over GainBitcoin Scam

• The CBI has arrested Ayush Varshney in connection with the GainBitcoin Ponzi scheme.
• Varshney is the co-founder of Darwing Labs Private Limited.
• Darwin Labs developed and deployed the core infrastructure for GainBitcoin.

Ayush Varshney, co-founder and chief technical officer of Darwin Labs Private Limited, is under arrest in India by the Central Bureau of Investigation (CBI). Varshney is suspected of playing a role in the infamous GainBitcoin cryptocurrency fraud case, which was allegedly floated a few years ago by Variabletech Pte. Limited.

Varshney’s Involvement With GainBitcoin

The scheme encouraged investors to participate in a fraudulent cryptocurrency venture on the promise of high returns, following which the organizers misappropriated the investment. According to reports, the CBI’s investigation is pursuant to a Supreme Court Order from December 13, …

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