India arrests Darwin Labs
$CTK over GainBitcoin Ponzi scheme
India’s Central Bureau of Investigation has arrested Ayush Varshney, co-founder and chief technology officer of Darwin Labs, for his alleged involvement in the notorious GainBitcoin Ponzi scheme.
According to an announcement on Wednesday, the scam was operated by Variabletech Pte. Ltd., which lured investors with promises of high returns from crypto investments.
Darwin Labs allegedly played a key role in developing and deploying the technological infrastructure behind the scheme, including the MCAP crypto token and ERC-20 smart contracts.
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