March 11, 2026 : The Central Bureau of Investigation (CBI) has arrested a person in connection with the GainBitcoin cryptocurrency fraud case. The accused, who is the co-founder and Chief Technology Officer (CTO) of Darwin Labs Private Limited, had been evading authorities for some time.
According to the CBI, a Look Out Circular had been issued against him. On Monday, immigration authorities at Mumbai airport intercepted him while he was attempting to leave the country. He was subsequently taken into custody by the CBI yesterday.
The agency stated that the case relates to the alleged GainBitcoin Ponzi scheme floated by Variabletech Pte. Ltd. In the scheme, investors were persuaded to invest in a cryptocurrency programme with promises of high returns. However, the funds collected from investors were allegedly misappropriated.
During the investigation, the role of Darwin Labs Private Limited and its co-founders came to light. The CBI said the company was involved in the design, development and deployment of the crypto token and had developed the technological infrastructure used in the fraudulent scheme.
