Question 1

Who is Sriki and what is he accused of?

Accepted Answer

Srikrishna, known as Sriki, is a Bengaluru hacker accused of stealing Bitcoin from national and international websites, including a Dubai crypto exchange, in 2017. He first got arrested in 2020 for allegedly using Bitcoin to buy drugs on the dark web.

Question 2

Which political figures are linked to the Bitcoin scam?

Accepted Answer

The ED has raided premises connected to Mohammed Haris Nalapad and Omar Farook Nalapad, sons of Karnataka MLA N.A. Haris. They also searched the residence of Mohammed Hakeeb Khan, grandson of former Union Minister K. Rehman Khan. Investigators claim the Nalapads received proceeds from the stolen Bitcoin.

Question 3

How much cryptocurrency was involved in the scam?

Accepted Answer

The case involves approximately Rs 11.5 crore, roughly $1.3 million, in alleged illegal Bitcoin transactions, according to the Deccan Herald. The ED is still tracing the full digital trail from the hacked Dubai exchange.

MLA

Indian police arrest hacker Sriki in $1.3M Bitcoin theft case

One sharp brief.
Every day.

MLA

Indian police arrest hacker Sriki in $1.3M Bitcoin theft case

One sharp brief.Every day.

One sharp brief.
Every day.