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Home Cryptocurrency Bitcoin

Karnataka Bitcoin scam: Police linked to hacker’s cryptocurrency

The Bitcoin scam during BJP's tenure in 2019-2023 has political implications in the state. SIT found digital evidence of large Bitcoin transfers to hardware wallets. Investigation estimates scam value between Rs 80 crore to Rs 200 crore. Recovery of one hardware wallet reported, two others sought.

by John Darbie
Sat, Feb 10, 2024 10:24am
in Bitcoin
• 3 mins read
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Karnataka Bitcoin scam: Police linked to hacker's cryptocurrency | FinOracle

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Karnataka CID’s SIT Makes Key Breakthroughs in Bitcoin Scam Investigation

After months of investigation, the Special Investigation Team (SIT) of Karnataka’s Criminal Investigation Department (CID) has made significant progress in the Bitcoin scam case. The SIT has gathered digital evidence suggesting that police officers from the Bengaluru Crime Branch may have accessed Bitcoins worth crores of rupees that were found in the possession of hacker Srikrishna Ramesh, also known as Sriki, who was arrested in November 2020.

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