The arrest led to to the uncovering of a series of crimes as the police found that he was involved in several other crimes, including the hacking of Karnataka government’s eProcurement site in 2019.
A resident of Jayanagar in Bengaluru, Sriki reportedly developed an interest in computers and its languages from his school days and had also hacked his school website.
The second instance was a simple spear-phishing attack which led to two Israeli hackers working for the army getting access to the computers of one of the employees, which gave them access to the AWS cloud account,” Sriki said in his statement to the police.
The price of bitcoin during the time of this hack was around USD 100 or USD 200, which I shared with my friend Andy from the UK.” Sriki also informed that he had hacked into the Karnataka government’s eProcurement site in 2019.
Two of the accounts were given to me by Hemanth Mudappa for a total of Rs 18 crore in one account and Rs 28 crore in the other.
I did not earn any profit from this; however, I did enjoy the proceeds of the crime by living in 5-star hotels and enjoying a luxurious lifestyle from the proceeds of the same,” he added.
“India’s biggest ever ‘Bitcoin Scam’ has been unearthed in Karnataka.
“This is not a money laundering crime alone, this is an international crime.
There are doubts being raised on the reputation of Basavaraj Bommai and his political career and reputation are at stake and that is why he should write to the government for constituting an SIT monitored by the SC to probe this,” he said.
Replying to questions from the reporters on the issue, Bommai said, “Let those who are making the allegations explain what exactly is the scam and who are involved in it.
Let them submit the documents in their possession to the investigation agencies, let the truth come out,” Bommai said.