GainBitcoin Scam: Cybersecurity Experts arrested for Stealing INR 20 Cr Crypto during an investigation
- ByStartupStory | March 15, 2022
In the latest development related to the GainBitcoin case, two cybersecurity experts named Pankaj Prakash Ghode (38), and ex-IPS Ravindranath Prabhakar Patil (45), arrested by Pune Police during the investigation, for illegally transferring crypto worth INR 20 Cr to their own wallets.
In the District and Sessions Court, Pune both the accused were presented. Police custody of seven days has been ordered by the court for both the accused.
The Police has been assisted by the duo in recovering cryptocurrencies from GainBitcoin Ponzi scheme accused Ajay Bhardwaj, Amit Bhardwaj, and their team members. With the help of these two, the Police had seized 241.475 bitcoins and arrested 17 people, 94 ether and 452 bitcoin cash from Amit and Vivek Kumar Bhardwaj.
According to the FIR reviewed by Inc42, In order to further understand the fraud, the data and wallet link to Patil and Ghode has been handed over to the police. The duo transferred part of those cryptocurrencies into their own wallets, instead of handing over the cryptocurrencies to the Police.
Crypto worth INR 20 Cr has been allegedly transferred by the duo from the wallets related to the GainBitcoin case. About 15 mobiles, 8 laptops and PCs, 17 pen-drives and nine hard disks have been seized by the police from the two accused.
A source states that after an internal inquiry ordered by the Pune Police DIG back in 2020, the FIR and arrest have been made. For producing fake and forged documents to the GainBitcoin investigating team and bringing expensive cars allegedly out of the alleged fraud are the reasons that the duo has been accused.
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