GainBitcoin scammer Amit Bhardwaj has reportedly died from cardiac arrest.

Personally I’m not 100% convinced.

So far Inc42 are the only outlet claiming Bhardwaj (right) has died.

Amit Bhardwaj — the key accused of one of the world’s biggest crypto Ponzi schemes has died from cardiac arrest today,
people close to Bhardwaj confirmed the news
to Inc42.

Surely there’d be an official source?

Earlier this month, Bhardwaj was found Covid positive and was hospitalised at Fortis Hospital, Vasant Kunj.

However, he had recovered from Covid, said one of his close associates.

Again, why are we relying on associates?

Casting doubt on Bhardwaj’s demise is a
feigned heart attack in 2018
.

Bhardwaj had fled India on an African diplomatic passport.

Naturally Bhardwaj fled to Dubai, the
MLM scam capital of the world
.

As Indian authorities closed in
Bhardwaj faked a heart attack
, which somehow enabled him to escape Dubai to Thailand on March 30th.

Working with their Thai counterparts, Indian authorities were then able to apprehend Bhardwaj in Bangkok.

As you can see Bhardwaj has played this card before. Which means unless his cardiac arrest is confirmed by authorities or the hospital, I’m not taking “people close to Bhardwaj” at face value.

GainBitcoin
was an MLM crypto Ponzi that pitched 10% a month from fictional bitcoin mining.

The scheme was launched in 2017,
collapsed by the end of the year
and was rebooted at
GB21
in early 2018.

Following Bhardwaj’s arrest in Thailand in 2018, he was extradited back to India.

He was granted bail in April 2019 on medical grounds related to “kidney ailments”.

Total GainBitcoin losses have been pegged at $2.7 billion, up from an estimated $523 million in late 2018.

Indian authorities have so far only
recovered a few million
.

I’ve been loosely following the case and other than the odd procedural event, not much has happened over the past three years.

Pending confirmation of Bhardwaj’s passing due to cardiac arrest, stay tuned…

🤖 Quick Answer

Did Amit Bhardwaj, the GainBitcoin scam operator, actually die?

In 2021, reports emerged claiming Amit Bhardwaj died of cardiac arrest, with Inc42 as the primary source. However, verification remains questionable due to lack of official confirmation and reliance on unnamed associates. Bhardwaj's previous feigned heart attack in 2018 fuels skepticism regarding the death's authenticity.

Why did Amit Bhardwaj flee India?

Bhardwaj fled India to avoid prosecution related to the GainBitcoin Ponzi scheme, one of the world's largest cryptocurrency frauds. He escaped using an African diplomatic passport and relocated to Dubai, evading law enforcement authorities investigating his involvement in the multi-level marketing cryptocurrency scam.

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