The Special Investigation Department (SIT) questioned Srikrishna Ramesh, aka Sriki, the son of a former and prominent Indian Police Service (IPS) officer in Tumakuru City, Karnataka, in connection with the Bitcoin scam.
This move comes after Srikrishna Ramesh, 29 years old, was detained by the SIT about a 2017 bitcoin theft case that was filed against the hacker in Tumakuru. He was taken into custody on May 7 from the hotel in Ganganagar.
The hacker claimed that following his initial arrest in a drug case, Sriki had stolen money from him to support him. It was said that he had pledged to keep him safe.
Srikrishna broke into the website of a bitcoin exchange, Unocoin Technologies Private Limited, and took about sixty bitcoins. Harish B.V., director of Unicoin, filed a complaint against this unauthorized transfer of cryptocurrencies.
When the theft occurred, one bitcoin was worth ₹1,67,481, and the stolen coins were worth ₹1.14 crore. At the time of writing, bitcoin is valued at around 51 lakh rupees.
In addition, Sriki is charged with several other offenses, such as hacking and deceit on an e-procurement website. On November 17, 2020, the Central Crime Branch (CCB) detained him on suspicion of embezzling ₹11.5 crore in funds.
Also Read: Indian Authority Bust ‘E-Nugget’ App Scam with Binance
Read More: SIT Interrogates Son of Prominent IPS Officer in Bitcoin Probe
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
