Cryptocurrency Co-Founders Granted Bail in Karnataka Scam

Founders of Indian Cryptocurrency Exchange Granted Anticipatory Bail in Alleged Theft Case

The founders of Unocoin Technologies Pvt Ltd, one of India’s earliest cryptocurrency exchanges, have been granted anticipatory bail by a special court in Bengaluru. Sathvik V and Harish BV approached the court after receiving notices from the special investigation team (SIT) following the arrest of a private cyber expert and a police officer. The SIT is investigating the alleged theft of cryptocurrency from an international hacker, Srikrishna Ramesh alias Sriki, who was arrested in November 2020.