Bitcoin Is a New Age Opportunity For The Scammers

Amit Bhardwaj has been arrested for allegedly scamming investors out of Rs 2,000 crore in Maharashtra alone. One of the biggest Indian names in the digital-currency market, Bhardwaj, ran a slew of ventures, including GainBitcoin, GBMiners, MCAP and GB21.Cyber cell of Delhi Police has arrested founders of bits2btc Kamal Singh and Vijay Kumar for duping 2,500 people for over Rs 100 crore.


Bhardwaj, who is often referred to as a Bitcoin evangelist and Bitcoin visionary, is an alumnus of MGM's College of Engineering in Maharashtra and has worked with software major Infosys.Bhardwaj founded GainBitcoin in 2013 as a cloud-based platform for trading and mining of bitcoins.It is my vision to get even the smallest investor to ride the Bitcoin wave. I can say with confidence that our early stage hitches have been ironed out and GainBitcoin is firm on its feet to offer a robust, trustworthy trading environment to our 1,00,000+ customers. We have also witnessed a record 47 percent hike in transactions after process restructuring and site revamp,Bhardwaj had told in a statement.


GBMiners was billed as the pioneer of bitcoin mining in India, the biggest in the world outside of China. Bhardwaj's book Cryptocurrency for Beginners was promoted on social media by Bollywood actors Shilpa Shetty, Neha Dhupia and Huma Qureshi. His events in Dubai were attended by celebrities like Sunny Leone and Prachi Desai. Bhardwaj, who went into a hiding almost a year ago, was arrested at the Bangkok airport on Wednesday evening and later brought to Pune to face the trial...Read More

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