Self-Proclaimed Cryptocurrency Guru Amit Bhardwaj Accused Of Running A Ponzi Scheme

Self-Proclaimed Cryptocurrency Guru Amit Bhardwaj Accused Of Running A Ponzi Scheme

SUMMARY

A Petition On Change.org Appeals For Arrest Of Amit Bhardwaj

The interest in bitcoins is increasing day by day in India but so are controversies surrounding them. In the latest, Amit Bhardwaj, founder of two bitcoin companies – cloud mining operation Gainbitcoin and China-based mining pool GBMiners – has been accused of running a Bitcoin Ponzi scheme.

Three months back, Zakhil Suresh a Gainbitcoin user has started a petition on change.org. The petition appeals for Bhardwaj’s arrest for this allegedly fraudulent scheme. As per the petition, Suresh is a finance student, living in Kerala who, after getting interested in Bitcoins and Amit’s startup Gainbitcoins, flew to Delhi to meet him. He ended up investing in Bitcoins but when he tried to withdraw Bitcoins from the service, he could not.

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