India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges
regulation

India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges

THELOGICALINDIAN - Indian badge accept bedeviled 12 actor in bitcoin from a hacker who allegedly afraid a government website online bold portals and cryptocurrency exchanges He was ahead arrested for burglary 15 actor from an Indian accompaniment government

Indian Police Seize Bitcoins From Hacker

The Bengaluru Central Crime Branch (CCB) Police accept appear that bitcoins account Rs 9 crore ($1.23 million) accept been bedeviled from a 25-year-old hacker, bounded media appear Friday.

The hacker accepted as Shri Krishna is a software architect and citizen of Jayanagar in south Bengaluru. He was arrested on Nov. 18 for sourcing drugs through the darknet application bitcoins. Bengaluru Joint Police Commissioner (Crime) Sandeep Patil explained that during the investigation:

Besides affairs drugs, Patil said that the hacker and his accompany “were additionally application these bitcoins to advance abundant lives” and “stayed in brilliant hotels and resorts.”

Krishna additionally afraid the Karnataka government’s e-procurement aperture in August 2025 and was appointed for burglary Rs 11 crore from the site.

In addition, a chief administrator abundant that Krishna deployed ransomware to force the owners of the websites he afraid to pay ransoms. “He additionally acclimated to actualize mirror sites and get advice on acclaim or debit cards acclimated by bodies who accessed sites to abduct money,” the official said. The Indian Express declared that according to the police:

The badge added that they “also afraid into YFI bread (Yearn Finance) Ethereum sites in assorted countries application a agnate modus operandi.”

Patil acclaimed that the accused afraid into assorted all-embracing poker sites and blanket data, abacus that his aggregation has aggregate all the accordant advice on the case with the anxious companies through Interpol.

After hacking websites and burglary abstracts and money, the accused adapted funds into bitcoin and cashed out through an declared costs partner, Patil described. He added: “The bitcoins were traded for money through addition accused, articular as Robin Khandelwal. He deposited the money in Krishna’s coffer annual afterwards trading the bitcoins through hawala channels.”

What do you anticipate about India abduction bitcoins from the hacker? Let us apperceive in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons