SIT Interrogates Son of Prominent IPS Officer in Bitcoin Probe

As a researcher with a background in cybercrime and digital forensics, I find the case of Srikrishna Ramesh, also known as Sriki, particularly intriguing. The latest development in this saga is his interrogation by the Special Investigation Department (SIT) regarding his involvement in the 2017 Bitcoin scam where he allegedly stole about sixty Bitcoins worth over ₹1 crore from Unocoin Technologies Private Limited.


As an analyst, I can rephrase that sentence as follows: I, as an analyst, have gathered that the Special Investigation Department (SIT) interrogated Srikrishna Ramesh, also known as Sriki, who is the son of a retired and highly respected Indian Police Service (IPS) officer in Tumakuru City, Karnataka, regarding the Bitcoin scam.

A recent development in the cryptocurrency world involves the detention of a young man named Srikrishna Ramesh, aged 29, by the SIT (Special Investigation Team) in relation to a bitcoin theft case from 2017. This incident occurred on May 7 at a hotel in Ganganagar. I’m keeping a close eye on this situation as it unfolds.

A hacker once confessed that after being arrested in a drug case, Sriki had taken money from him under the pretext of helping him out. He alleged that Sriki had made a promise to protect him during his legal troubles.

Srikrishna gained illegal access to Unocoin Technologies Private Limited’s bitcoin exchange platform and made off with approximately sixty bitcoins. Harish B.V., the company director, reported this unwarranted transfer of cryptocurrencies to the authorities.

At the time of the theft, one bitcoin was equal to approximately ₹1,67,481, making the stolen bitcoins worth about ₹1.14 crore. Currently, the value of one bitcoin is around ₹51 lakhs.

As a crypto investor, I’d rephrase that as follows: I’ve also learned that Sriki is accused of multiple other crimes, including hacking and fraud on an e-procurement platform. On November 17, 2020, the Central Crime Branch detained him under suspicion of misappropriating approximately ₹11.5 crore in funds.

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2024-05-15 09:40