Page 63 - Veritas - 02.03.22
P. 63
KARNATAKA
BITCOIN SCAM
Ms. Amulya M
INTRODUCTION
International hacker Srikrishna Ramesh alias Sriki (26) is the face of
the multi-crore bitcoin scam. Sriki, a habitual criminal, claims to have
hacked online gaming websites, foreign company portals and the state
government’s e-procurement portal.
On November 4, 2020, Bengaluru’s Central Crime Branch (CCB) police
arrested hacker Srikrishna under the Narcotic Drugs and
Psychotropic Substances Act for allegedly obtaining drugs using
bitcoins via the darknet and peddling it to high-profile clients. On
investigation, CCB determined that Sriki was involved in illegal
hacking, including that of the Karnataka government’s e-procurement
portal.
Before going further, we should now understand some terms like
Cryptocurrency and how Crypto Mining and exchange take place.
