/
Indian crypto Ponzi scheme runner denied bail as fraud masterminds face reckoning
May 5, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
Share:
AI Overview
Himachal Pradesh High Court denied bail to Abhishek Sharma, alleged mastermind of a crypto scam that reportedly stole ~Rs 500 crore from over 80,000 investors in India. High-profile enforcement highlights crypto security risks and is likely to increase regulatory scrutiny, undermine investor confidence and slow adoption of crypto, DeFi and token projects in India.
Bearish
Predictions Markets
See what traders are focused on
The Himachal Pradesh High Court denied bail to Abhishek Sharma, the mastermind of a crypto scam that stole ~Rs 500 crore from over 80,000 investors in India.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share: