India, Feb. 27 -- The Central Bureau of Investigation (CBI) on Wednesday continued searches across several cities in the country, including Mumbai, Pune, Nanded and Kolhapur, as part of its investigation into the alleged multi-crore Gainbitcoin cryptocurrency fraud, a Bitcoin-based multi-level marketing scheme allegedly run by private firm, Variable Tech Pte Ltd.

The CBI seized crypto-currencies worth Rs.23.94 crore along with documents and electronic devices, the contents of which are being analysed for connection to the allegations related to misappropriation of funds and international transactions in the scam.

The searches, that targeted premises linked to the accused individuals, their associates, and entities suspected of launderin...