Case Summary
GainBitcoin promised fixed monthly returns on cryptocurrency investments and became one of India's most notorious crypto-linked Ponzi cases.
Year
2015
Fraud Amount
โน20,000 Crore
Category
Crypto
Sources
2 linked
The scheme reportedly promised around 10% monthly returns and drew large numbers of investors into a structure that regulators and investigators later treated as fraudulent.
GainBitcoin became a benchmark example of how crypto jargon can be used to disguise a classic Ponzi model.
It remains one of the most important cautionary case studies for digital-asset investing in India.
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