Hacker Orchestrates Bitcoin Scam from Prison: Allegations of Bribery, Money Laundering, and Evidence Tampering Uncovered 22.November 2023 [ BACK TO NEWS](/de/news) In a stunning revelation, notorious hacker Srikrishna Ramesh, also known as Sriki, is facing allegations of orchestrating a Bitcoin scam from the confines of a quarantine cell within India’s Parappana Agrahara prison.This audacious incident has sent shockwaves through the crypto and law enforcement communities, shedding light on a web of alleged bribery, money laundering, and evidence tampering.The saga began with Sriki’s initial arrest in 2020 by the Central Crime Branch (CCB) on charges related to drug procurement through the DarkNet.However, as investigations deepened, it became evident that Sriki had more than drug-related activities in his repertoire – he was also involved in hacking.The Criminal Investigation Department (CID) joined the fray, probing financial fraud cases linked to Sriki.It was during these investigations that Sriki made a startling claim: he had given Bitcoin to police officials.
This claim set off a series of events that would expose a complex and audacious Bitcoin scam.The heart of the scam revolved around the transfer of Bitcoin worth ₹10 crore or $1.2 million to multiple wallets, all executed using a smuggled laptop while Sriki was confined to a quarantine cell.This revelation prompted a high-profile investigation led by the Special Investigation Team (SIT) of the Criminal Investigation Department.
The Bitcoin scam’s modus operandi allegedly involved bribery, with a constable implicated in smuggling a laptop into the prison at the behest of influential individuals.During the brief window of 20-22 minutes in which Sriki had access to the laptop, he executed the transfer, setting in motion a convoluted money laundering process.Authorities suspect that the laundered funds may have been circulated within India through a clandestine network, prompting the SIT to initiate efforts to uncover this network and trace the flow of funds.A significant challenge faced by the SIT is the recovery of the smuggled device, as it holds crucial evidence related to the Bitcoin scam.The success of the investigation hinges on the retrieval of this essential piece of the puzzle.
In addition to the prison incident, the SIT is delving into allegations of irregularities in the Central Crime Branch’s handling of Sriki’s case.This includes suspicions of evidence tampering, which have raised serious questions about the integrity of the entire investigation.The unfolding investigation underscores the gravity of the situation, with allegations of bribery, money laundering, and evidence tampering rocking the foundations of the Shiba Inu project.As the SIT delves deeper into this intricate scandal, the recovery of the smuggled device and the retrieval of crucial evidence will be paramount in bringing those responsible to justice.Meanwhile, in the broader cryptocurrency landscape, Bitcoin (BTC) is experiencing a day marked by significant volatility, with its price fluctuating rapidly between $36,000 and $37,000.As of the latest data, the leading cryptocurrency is trading at $36,800, reflecting a 1.2% decline over the past 24 hours.
Despite this volatility, Bitcoin remains a focal point of global attention, with its price fluctuations closely monitored by investors and enthusiasts alike.The unfolding saga of Sriki’s alleged Bitcoin scam from a prison quarantine cell serves as a stark reminder of the challenges faced by law enforcement in combating cryptocurrency-related crimes and the potential consequences for those involved in illicit activities within the crypto space..