Karnataka CID SIT probing Bitcoin scam arrests hacker Sriki
In this Bitcoin scam, Sriki has stolen Rs 1.14-crore worth Bitcoins were stolen from Unocoin Technologies platform
New Delhi, May 10
A Special Investigation Team (SIT) of the Karnataka Police’s Criminal Investigation Department (CID) probing the Bitcoin scam arrested alleged hacker Srikrishna Ramesh.
The accused Srikrishna Ramesh alias Sriki was earlier arrested from a hotel in Bengaluru in a 2017 case where Rs 1.14-crore worth Bitcoins were stolen from Unocoin Technologies platform, following which its cofounder Harish BV lodged a complaint in July 2017.
As per the case details, 60.6 Bitcoins were stolen by unknown people in a hacking that occurred on June 23, 2017. In the Unocoin case, a director of the cryptocurrency exchange is alleged to have paid Rs 7 lakh to a Bengaluru police officer to recover the stolen Bitcoins after Sriki’s arrest.
Four former Central Crime Branch (CCB) officials were earlier named as accused in the case for attempting to hack various cryptocurrency wallets, payment gateways, and stock exchange websites with the help of Sriki.
In this scam, it was alleged that the police had grabbed a large cache of the cryptocurrency that was found in the crypto wallets of Sriki in 2020.
