Delhi Court Grants Bail to Darwin Labs CTO in GainBitcoin Scam

A Delhi court has granted bail to Ayush Varshney, CTO of Darwin Labs, in the multi-crore GainBitcoin cryptocurrency scam.

Additional Chief Judicial Magistrate Mayank Goel observed there was "no iota of evidence" that Varshney directly induced investors or received illicit funds.

While the CBI alleged he developed the technical infrastructure for the fraud, the Court noted his role appeared limited to providing technical services. Rejecting concerns over evidence tampering, the judge highlighted that Varshney had been on anticipatory bail since 2019 without misuse.

The ruling emphasized that bail is not punitive and the liberty of an accused cannot be curtailed indefinitely while awaiting the arrest of absconding co-accused.

[Ayush Varshney v. CBI]