The Enforcement Directorate has filed a chargesheet against businessman Raj Kundra, accusing him of concealing 285 Bitcoins, valued at ₹150.47 crore ($18 million), linked to the GainBitcoin Ponzi scheme. The funds were allegedly received from Amit Bhardwaj, the scheme's mastermind. Kundra is also accused of conducting a below-market transaction with his wife, actress Shilpa Shetty, instead of returning the funds. This case underscores the vulnerabilities in India's unregulated cryptocurrency market, where scams are prevalent due to inadequate investor protection and delayed regulatory measures, despite the country's high adoption rates of digital currencies.