India's Himachal Pradesh High Court Rejects Bail for Crypto MLM Fraud Promoter Affecting 80,000 Investors

According to The Crypto Times, on May 5, India's Himachal Pradesh High Court rejected the bail plea of Abhishek Sharma, a key promoter in a 500-million-rupee crypto MLM fraud affecting over 80,000 investors nationwide. The scheme involved false platforms including Korvio, Voscrow, DGT, Hypenext, and A-Global, with the total investment pool estimated at 2 billion rupees. India's Enforcement Directorate has frozen approximately 12 million rupees in bank deposits and lockers across eight locations in Himachal Pradesh and Punjab.
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