PANews reported on March 1 that according to News.bitcoin, the Central Bureau of Investigation (CBI) of India announced this week that it had seized cryptocurrencies worth 239.4 million Indian rupees (about 2.75 million US dollars) and other key evidence in a nationwide raid on the Gainbitcoin scam.

The agency conducted searches at more than 60 locations in India on February 25 and 26, 2025, targeting individuals and entities involved in money laundering fraud. The major cities involved in the operation included Delhi, Pune, Nader, Kolhapur, Mumbai, Bengaluru, Chandigarh, Mohali, Jhansi and Hubli.