The High Court of Himachal Pradesh has denied bail to Abhishek Sharma, accused of orchestrating a cryptocurrency multi-level marketing (MLM) scam. The scheme reportedly defrauded over 80,000 investors, resulting in losses of approximately ₹500 million from a total investment pool of ₹2 billion. The scam involved platforms such as Korvio, Voscrow, DGT, Hypenext, and A-Global, which lured investors with promises of doubled returns and small initial payouts. However, payments stopped on December 25, 2021, and investors were redirected to other platforms, ultimately receiving no returns.