India, Feb. 26 -- The Central Bureau of Investigation (CBI) has reportedly carried out raids at 60 locations across India in connection with its ongoing investigation into the GainBitcoin crypto scam that bilked victims out of INR 6,600 Cr (about $758 Mn).

The investigative agency conducted search operations in several cities such as Delhi NCR, Bengaluru, Pune, and Chandigarh among others, targeting premises linked to the prime accused in the case, their associates, and entities suspected of laundering stolen money, as per a Business Standard report.

During the exercise, the CBI seized some crypto wallets, suspicious digital devices, and evidence found in emails and clouds.

The investigation so far has revealed that scamsters defrauded...