[Indian Court Rejects Bail Application of Key Promoter in ₹500 Million Crypto Scam Involving 80,000 Investors] According to The Crypto Times, the Himachal Pradesh High Court in India has rejected the bail application of Abhishek Sharma. Sharma is one of the key promoters of a large-scale cryptocurrency MLM scam, which allegedly deceived over 80,000 investors across India, with estimated losses amounting to ₹500 million and a total investment pool of approximately ₹2 billion. The report states that the scam involved multiple fraudulent crypto platforms, including Korvio, Voscrow, DGT, Hypenext, and A-Global. Investors were promised double returns on their investments. In the early stages of the scheme, small payouts were made to attract more participants, but all payments suddenly stopped on December 25, 2021. Subsequently, the promoters redirected users to other platforms, ultimately failing to deliver any returns.