Gaurav Harish Mehta, a director at M/s Sarath & Associates, has been arrested by Mumbai's Economic Offences Wing (EOW) for his alleged involvement in a $3.6 million crypto fraud linked to the GainBitcoin scam. Mehta is accused of diverting funds from seized crypto wallets using sophisticated methods such as blockchain obfuscation and VPNs to conceal transactions. The arrest highlights ongoing challenges in combating crypto scams and raises concerns about the effectiveness of forensic audits and oversight. The GainBitcoin scam, which promised high returns through deceptive marketing, has affected thousands, prompting increased scrutiny on forensic firms and their handling of digital assets. Authorities have seized numerous electronic devices as part of the investigation, signaling a broader crackdown on digital crime and potential regulatory changes in cryptocurrency forensics.
Mumbai Director Arrested in $3.6M GainBitcoin Crypto Fraud
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