3 entries tagged “india”.
About $230M+ was stolen from India's largest crypto exchange, WazirX, in July 2024 after attackers compromised a multisignature wallet and altered its logic. Blockchain analysts attributed the theft to North Korea's Lazarus Group.
An India-based Bitcoin Ponzi launched in 2015 by Amit Bhardwaj, promising 10% monthly returns for 18 months via an MLM model. India's Enforcement Directorate alleged ~80,000+ BTC was collected; loss estimates vary widely. Bhardwaj was arrested in 2018 and died in 2022.
Indian entrepreneur who founded GainBitcoin / GB Miners, described by police as one of India's largest crypto Ponzi schemes (~$300M+, collecting an estimated 80,000+ BTC). Arrested in 2018; he died in January 2022 before the cases concluded.
