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Indian Police Seized $1.2 M (Rs 9 Crore) Worth Bitcoin from a Bengaluru Hacker

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Indian Police Seized $1.2 M (Rs 9 Crore) Worth Bitcoin from Bengaluru Hacker

As per Bengaluru Joint Commissioner of Police (Crime), Sandeep Patil, the Karnataka police has seized Bitcoins worth 9 crores from a hacker. The hacker Srikrishna alias Shreeki is a 25-year old hacker according to India Today.

He was arrested on November 18th for allegedly hacking government websites, online gaming portals and websites.

According to Sandeep Patil, “During the investigation, it has been found that the hacker Srikrishna hacked 3 Bitcoin exchanges and 10 poker sites. Bitcoins worth Rs 9 crores have been seized in this matter.”

As per ANI News, the hacker reportedly hacked the e-procurement website of Karnataka government in 2019.

It seems that cybercrime is on the rise amid Bitcoin big bull run. This year Bitcoin made its all-time high of $41,941 USD and currently trading at $38,217 USD.

The 24h trading volume and market capitalization of BTC are $63,114,068,798 and $708,816,338,952 respectively.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.