A Special Investigation Team (SIT) of Karnataka Police in India questioned Srikrishna Ramesh, aka Sriki, the alleged international hacker, in connection with a multi crore Bitcoin scam case.
According to police, 29-year-old Ramesh was questioned by the SIT over a 2017 Bitcoin theft case where the accused Sriki along with other accomplices allegedly stole 60.6 Bitcoins from Unocoin Technologies Private Limited by hacking into their computer systems.
Local media reports have also mentioned that the accused is son of a former Indian Police Service (IPS) officer in Karnataka.
According to police, 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 this report, 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.
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