Mumbai’s Economic Offences Wing arrested a 31-year-old director of a forensic audit firm on allegations he siphoned roughly ₹30 crore in seized crypto from hardware wallets tied to the long-running GainBitcoin case. Police allege transfers to private exchanges and personal wallets; devices were seized and investigators are probing possible collusion with other officials.

Mumbai’s Economic Offences Wing widened its investigation into the GainBitcoin scandal with the arrest of a 31-year-old director of a forensic audit firm accused of diverting approximately ₹30 crore in cryptocurrency from hardware wallets seized during prior enforcement actions. Authorities allege the suspect moved assets through private, less-regulated exchanges and into personal wallets, circumventing custody procedures and potentially facilitating unauthorized withdrawals. Searches yielded electronic devices and records; police indicated the probe will expand to examine whether other officials or intermediaries colluded in the transfers. The arrest highlights vulnerabilities in chain-of-custody and asset-control practices when law-enforcement agencies handle seized crypto, and underscores tensions between forensic auditors, custodians, and investigative teams. Officials said they are tracing the flow of funds across exchanges and blockchain ledgers to identify further beneficiaries and recover assets for victims. The development reinforces ongoing scrutiny of GainBitcoin-related networks and could prompt tighter protocols for handling seized digital assets in future operations.