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flag Indian authorities arrested Darwin Labs co-founder Ayush Varshney on March 10, 2026, over his role in a £200 million cryptocurrency Ponzi scheme.

flag Ayush Varshney, co-founder of Darwin Labs, was arrested by India’s CBI at Mumbai airport on March 10, 2026, while attempting to flee the country. flag He is linked to the £200 million Gain Bitcoin cryptocurrency scam, a multi-thousand crore rupee fraud allegedly run as a Ponzi scheme through Variabletech Pte. flag Ltd. flag The CBI, which took over the investigation from the Supreme Court, alleges Darwin Labs developed the scam’s digital infrastructure, including the Gain Bitcoin platform, MCAP cryptocurrency, and related tools. flag The scheme promised high returns and shifted to its own low-value token as investments slowed. flag The agency is pursuing charges under multiple laws and working to trace illicit funds and identify all involved.

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