Scammer Moves $1.2 Million Worth Bitcoin
Sitting Inside a Prison
India's notorious cryptocurrency hacker
Srikrishna Ramesh aka Sriki moved $1.2
million worth of Bitcoin from inside a prison.
Sriki was arrested by the Special
Investigation Team (SIT) of the Criminal
Investigation Department in 2020 for hacking
Bitcoin and other crypto currencies worth
millions. The scammer was first arrested by
the Central Crime Branch (CCB) for procuring
drugs through the Dark Net. However, in the
course of the investigation, it was revealed
that he was also involved in cryptocurrency
Scams.
Nonetheless, despite being in a quarantine
prison in the southern city of Bengaluru, Sriki
managed to move $1.2 million worth of
Bitcoin. It is reported that Sriki bribed a
police constable to bring him a laptop inside
his cell. The constable brought in a laptop
with internet connectivity and the scam y
moved Bitcoin worth $1.2 million at the
behest of some influential persons. He
further laundered the money in prison and
the ordeal was completed in 20 minutes.
In 20 minutes, he transferred stolen Bitcoins
to different wallet addresses. It is suspected
that through these wallets, money may have
been laundered into India through a secret
yet unidentified network. The SIT is now
investigating the matter and inspecting the
wallets for further details.
Bitcoin Moved Inside a Prison in 20 Minutes
The crime at the prison occurred in 2020-
2021 months after he was imprisoned for
Bitcoin scams. An investigation is now
underway and authorities are questioning
Sriki about his connections.
"Sriki was always kept inside a quarantine
cell and many were contacting him. One day,
a constable was asked to smuggle a laptop
inside. On the day, when some Bitcoins worth
R10 crore ($1.2 million) were moved, the
laptop was with Sriki inside the cell for abr+
20-22 minutes and it was brought out late,
said a Source to The Hindu news outlet.
