Himachal HC Denies Bail in ₹2,000 Crore Crypto Scam—India’s Latest Blockchain Black Eye

Another day, another crypto scandal—this time with a ₹2,000 crore price tag. India’s Himachal Pradesh High Court just slammed the door on bail for suspects in one of the country’s biggest digital asset fraud cases.

The Gritty Details

No fancy DeFi jargon here—just old-fashioned grift wrapped in blockchain buzzwords. The court’s move signals regulators are finally waking up to crypto’s dark side, even as retail investors keep chasing ‘the next Bitcoin.’

Why This Matters

While Web3 evangelists preach decentralization, this case proves centralized oversight isn’t going anywhere. Especially when scammers treat investor funds like their personal memecoin treasury.

Another sobering reminder: in crypto, the only ‘smart contracts’ some folks honor are the ones with law enforcement. But hey—at least it’s not another stablecoin collapse… this time.