Search Results - Bhardwaj, Amit

Amit Bhardwaj

Amit K. Bhardwaj (17 January 1983 – 15 January 2022) was an Indian businessman who founded Amaze Mining and Blockchain Research Limited which ran GB [Gainbitcoin] Miners among other bitcoin-related businesses and projects, these have been described as various types of Ponzi schemes.

In April 2018, Gainbitcoin was found to be one of the biggest bitcoin scams. The cyber cell of Pune Police arrested Bhardwaj and his brothers along with co-founders of GB Miners - Nikunj Jain and Sahil Baghla for running a million cryptocurrency Ponzi scheme. Bhardwaj was indicted for running a pyramid scheme in relation to the MCAP token taken out by Gainbitcoin and was produced before a special court on 5 April 2018.

So far, more than eight people have been arrested and all of them were associated with Gainbitcoin and CEO Bhardwaj. Provided by Wikipedia