India, Feb. 26 -- The Central Bureau of Investigation (CBI) on Tuesday carried out extensive searches in around 60 locations across the country, including Pune, Nanded and Kolhapur, as part of its investigation into the Gainbitcoin cryptocurrency scam, a multi-crore Bitcoin-based multi-level marketing scheme allegedly run by private firm Variable Tech Pte Ltd.

The searches targeted premises linked to accused individuals, their associates and entities suspected of laundering money. "During searches, a few crypto wallets, incriminating digital evidence, and digital devices were seized," said a CBI official, who requested anonymity as they aren't authorised to speak to the media. Apart from three cities in Maharashtra, the agency conducted ...