Bitcoin scam: Karnataka SIT in touch with 30 foreign exchanges
11 months, 2 weeks ago

Bitcoin scam: Karnataka SIT in touch with 30 foreign exchanges

The Hindu  

The Special Investigation Team of the Criminal Investigation Department, which is probing the alleged bitcoin scam, is in touch with over 30 foreign-based bitcoin exchanges in a bid to collect evidence on the movement of cryptocurrencies allegedly moved by hacker Srikrishna Ramesh aka Sriki. Sriki, arrested in a darknet drugs case in 2020 by the Central Crime Branch of Bengaluru police, turned out to be a hacker who claimed to have stolen bitcoins. An officer with the SIT said, “We are in touch with 30-35 foreign-based bitcoin exchanges, including Bitfinex, seeking details of the movement of bitcoins during the period we are interested in and from the wallets we are interested in. Sources said that while a few beneficiaries may have encashed bitcoins locally, many have used professional money laundering options to direct these bitcoins to offshore accounts, which is another challenge for the sleuths.

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History of this topic

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype
Trending News
19 hours, 12 minutes ago

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype

Hindustan Times  

A Bengaluru software engineer, 39, from GKVK Layout, near Hebbal, recently became a victim of a digital arrest scam, losing a staggering ₹11.8 crore. Digital arrest of Ahmedabad man uncovers Taiwanese-linked racket: Police According to Times of India report, the incident, which unfolded between November 25 and December 12, was reported to the North-East Cybercrime, Economic offences, Narcotics police. The …

TN Cyber Crime Investigation Centre arrest four for Rs 1.65 crore online scam
6 days, 1 hour ago

TN Cyber Crime Investigation Centre arrest four for Rs 1.65 crore online scam

New Indian Express  

CHENNAI: Four men who were involved in an online investment scam were arrested by the State Cyber Crime Investigation Centre on December 6 and 7. The arrested include two mule account holders, a face-to-face agent, and an agent directly working in a scam compound in Cambodia. According to the police, the victim, a 67-year-old retired government employee residing in Chennai, …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
2 weeks, 5 days ago

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore

New Indian Express  

HYDERABAD: The Directorate of Enforcement conducted raids between November 28 and 30 across 13 locations, including Hyderabad, and seized unaccounted cash worth Rs 47 lakh and USDT cryptocurrency worth Rs 1.36 crore. The investigation was initiated on two FIRs registered by CBI, Economic Offences Wing, Delhi, concerning Rs 640 crore in cyber fraud money generated through betting, gambling, part time …

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case
2 weeks, 5 days ago

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case

Deccan Chronicle  

New Delhi: Two chartered accountants and a cryptocurrency trader have been arrested here in a money laundering investigation linked to a cyber fraud case of Rs 640 crore, the Enforcement Directorate said Wednesday. The money laundering probe stems from two FIRs filed by the Economic Offences Wing of the Delhi Police that were registered to probe charges of cyber fraud …

Kerala police set to acquire tool to tackle illegal crypto deals
3 weeks, 5 days ago

Kerala police set to acquire tool to tackle illegal crypto deals

New Indian Express  

THIRUVANANTHAPURAM: The cyber-investigation division of the state police is set to acquire a blockchain-analysis tool to monitor cryptocurrency transactions and flag illegal activities. With India leading the way in global crypto adoption, Kerala has The state police hitherto lacked specialised tools and depended on open-source resources to analyse questionable transactions. They track the nodes, exchanges and wallets involved in the …

Gang behind ‘digital arrest’ busted, 2 held
1 month ago

Gang behind ‘digital arrest’ busted, 2 held

Hindustan Times  

Punjab Police have arrested two Assam-based men for their alleged involvement in cases of “digital fraud”. Digital arrest refers to a cyber scam where fraudsters, posing as law enforcement officials, deceive victims into believing they have committed a serious crime and must stay visible online until their demands are met, exploiting fear to extort money. The matter came to light …

Cong seeks formation of SIT to probe cash-for-jobs scam in Goa; says BJP govt selling jobs
1 month, 1 week ago

Cong seeks formation of SIT to probe cash-for-jobs scam in Goa; says BJP govt selling jobs

Deccan Chronicle  

Panaji: The opposition Congress in Goa on Thursday accused the BJP government in the state of selling jobs, and demanded the formation of a Special Investigation Team to probe the alleged cash-for-government jobs scam. "After the scam came to light, the picture is now very clear that the BJP government has been selling jobs during its tenure of last 12 …

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police
1 month, 1 week ago

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police

India Today  

The Surat police have busted a major gang laundering money extorted from victims of ‘digital arrest’ around the country and even overseas. The police detected that lakhs of money parted with by cyber-fraud victims were first landing in a ‘mule account’, functional on ‘rooted devices’ operated from outside India. From Mota Varachha and Sarthana areas of Surat, the police recovered …

Bengaluru man arrested for running inter-state cyber scam racket, defrauding several of ₹2.3 crore: Report
Trending News
1 month, 2 weeks ago

Bengaluru man arrested for running inter-state cyber scam racket, defrauding several of ₹2.3 crore: Report

Hindustan Times  

A Bengaluru resident identified as Kumar Utlasar, aged 50, was arrested by the Goa Police cyber crime cell over an alleged investment scam involving ₹2.3 crore. Bengaluru has seen several cyber crime and cyber fraud related incidents of late, including courier scams, stock investment scams, and digital arrests. SP Rahul Gupta from the crime branch spoke to reporters about the …

Online trading fraud: Three men from Coimbatore and Namakkal arrested
1 month, 2 weeks ago

Online trading fraud: Three men from Coimbatore and Namakkal arrested

The Hindu  

The Cyber Crime Wing of the Tamil Nadu Police arrested three men from Coimbatore and Namakkal districts on charges of cheating several people by coaxing them to transfer money on the false promise of high returns on investments in an online trading scheme. On July 19, a complainant from Madurai reported that he was defrauded of ₹92 lakh after he …

Hyderabad victim loses Rs 10.61 crore in digital arrest scam; Two held in Bengaluru
2 months, 2 weeks ago

Hyderabad victim loses Rs 10.61 crore in digital arrest scam; Two held in Bengaluru

New Indian Express  

HYDERABAD: Two youngsters were apprehended by the Telangana Cyber Security Bureau in Bengaluru for their alleged involvement in a digital arrest scam that cheated a victim of Rs 10.61 crore. The accused, identified as Vinay Kumar S Khadke and Maruthi GH, are being brought to Hyderabad for further investigation, the police said. The victim was made to transfer Rs 4.62 …

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
3 months, 1 week ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed
3 months, 2 weeks ago

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed

Hindustan Times  

MUMBAI: An Enforcement Directorate pan-India probe into multi-crore online scams, in which investors were trapped into investing in stock markets through fake mobile apps, has revealed that the accused employed a maze of 200-plus shell firms to acquire and then divert the proceeds of crime. The agency’s money trail in the case revealed that the fraudsters allegedly incorporated over 200 …

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case
3 months, 4 weeks ago

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case

Deccan Chronicle  

Telangana Cybercrime officials have arrested two individuals involved in a massive ₹175 crore fraud. The investigation was initiated after the Cyber Security Bureau's data analysis team flagged numerous complaints reported on the National Cybercrime Reporting Portal against six bank accounts in the State Bank of India Shamsheergunj branch. The investigation linked approximately 600 complaints to these accounts.The primary suspect, operating …

New wave of cybercrimes in NTR district causes alarm
4 months, 1 week ago

New wave of cybercrimes in NTR district causes alarm

New Indian Express  

VIJAYAWADA: With a surge in complaints about a new wave of cybercrimes disguised as online trading, Initial Public Offerings, and mutual fund scams, the NTR District Police Commissionerate has been inundated with cases in recent days. According to the NTR district police, over 20 complaints have been lodged by individuals who collectively lost around Rs 2 crore to fraudsters promising …

Bitcoin scam: Hacker Sriki, associate Robin get bail
5 months ago

Bitcoin scam: Hacker Sriki, associate Robin get bail

The Hindu  

First Additional Senior Civil and Judicial Magistrate First Class court in Tumakuru granted conditional bail to hacker Srikrishna Ramesh aka Sriki and his associate Robin Khandelwal on Tuesday in a case registered at New Extension police station in Tumakuru district in 2017. The court granted bail asking the first accused Sriki to pay ₹50,000 in bond with one surety and …

Karnataka High Court notice to State govt on Union Bank of India’s plea for transfer of Maharshi Valmiki Corporation’s multi-crore scam probe to CBI
5 months ago

Karnataka High Court notice to State govt on Union Bank of India’s plea for transfer of Maharshi Valmiki Corporation’s multi-crore scam probe to CBI

The Hindu  

The High Court of Karnataka on Tuesday ordered the issue of notice to the State government on a petition filed by the Union Bank of India seeking a direction to transfer to the Central Bureau of Investigation the investigation being carried out by the State police into the multi-crore financial scam at the Maharshi Valmiki Scheduled Tribes Welfare Development Corporation. …

ED Raids in Valmiki Development Corporation Case Unwarranted: D K Shivakumar
5 months, 1 week ago

ED Raids in Valmiki Development Corporation Case Unwarranted: D K Shivakumar

News 18  

Karnataka Deputy Chief Minister D K Shivakumar has termed the Enforcement Directorate raids in the Valmiki Development Corporation case as unwarranted. The ED on Wednesday conducted searches at multiple places allegedly linked to former Karnataka Minister B Nagendra and MLA Basanagouda Daddal in connection with the illegal money transfer case in the state-owned corporation. The raids were carried out in …

Karnataka Valmiki money transfer ‘scam’: ED raids ‘unwarranted’, says D K Shivakumar
5 months, 1 week ago

Karnataka Valmiki money transfer ‘scam’: ED raids ‘unwarranted’, says D K Shivakumar

Live Mint  

On Wednesday, Karnataka Deputy Chief Minister D K Shivakumar criticised the Enforcement Directorate's raids in the Valmiki Development Corporation case, calling them unjustified. The raids were carried out in Bengaluru, Raichur, and Ballari, and they focused on an unauthorized transfer of ₹187 crore from the bank accounts of the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation. Karnataka Valmiki money transfer …

Bitcoin scam: SIT records statement of convict in Hindalga jail in Belagavi
5 months, 1 week ago

Bitcoin scam: SIT records statement of convict in Hindalga jail in Belagavi

The Hindu  

The Special Investigation Team of the Criminal Investigation Department recorded the statement of a murder convict in Hindalga prison in Belagavi on July 9 in connection with the bitcoin scam. The convict, Nagendra, had written to the SIT chief offering to give statement about the scam as he was present during the occurrence of a crime in Parappana Agrahara jail …

Bitcoin scam: Karnataka HC strikes down use of stringent crime law against hacker Sriki
5 months, 2 weeks ago

Bitcoin scam: Karnataka HC strikes down use of stringent crime law against hacker Sriki

The Hindu  

In a setback to the Special Investigating Team probing the alleged Bitcoin scam, the High Court of Karnataka has declared as illegal the action of invoking the Karnataka Control of Organized Crimes Act, 2000 against the hacker and prime accused Srikrishna Ramesh alias Sriki in the first case registered in 2017. Pointing out that invoking KCOCA violated a condition prescribed …

Chennai police bust international network involved in online financial scams
6 months ago

Chennai police bust international network involved in online financial scams

The Hindu  

The Central Crime Branch of the Greater Chennai City Police has busted a gang that procured SIM cards illegally and operated current accounts from India that were being used by cyber fraudsters operating out of Malaysia and Cambodia, targeting Tamil-speaking people. Police said Anil Kumar, Assistant Foreign Regional Registration Officer, Bureau of Immigration, Chennai International Airport, reported on Sunday that …

SIT issues notice to IGP Patil in K’taka Bitcoin scam case
7 months, 1 week ago

SIT issues notice to IGP Patil in K’taka Bitcoin scam case

Hindustan Times  

The Special Investigation Team probing the Bitcoin scam in Karnataka has issued a notice to inspector general of police Sandeep Patil, who was the head of the Central Crime Branch when the scam took place, and was questioned earlier this year, to provide clarifications on the probe conducted against the hacker during his tenure. On Monday, the son of an …

Man held for hacking Unocoin crypto exchange’s site in 2017
7 months, 2 weeks ago

Man held for hacking Unocoin crypto exchange’s site in 2017

Hindustan Times  

The Special Investigation Team has arrested Srikrishna in connection with the cybercrime involving the hacking of Unocoin cryptocurrency exchange’s website and transfer of cryptocurrencies valued at over ₹1.14 crore. The accused had faced charges in another case related to ordering illegal substances using Bitcoins acquired by hacking government websites Additional director general of police Manish Kharbikar confirmed that Srikrishna was …

Bitcoin scam: SIT records statement of senior IPS officer
10 months ago

Bitcoin scam: SIT records statement of senior IPS officer

Hindustan Times  

A special investigation team led by additional director general of police Manish Karbikar questioned senior IPS officer Sandeep Patil on Wednesday in connection with the Bitcoin scam. The bitcoins were initially seized from the prime suspects in the Bitcoin scam A few deputy commissioners of police and 10 assistant commissioner of police have also been questioned regarding the Bitcoin scam. …

Investigators transferred bitcoins during probe, destroyed proof: SIT
10 months, 2 weeks ago

Investigators transferred bitcoins during probe, destroyed proof: SIT

Hindustan Times  

The Special Investigation Team of the Criminal Investigation Department, in its probe into the Bitcoin scandal in Karnataka, said that police inspector Prashanth Babu and tech expert Santosh Kumar transferred bitcoins into a cryptocurrency hardware wallet. “They erased the important details related to Sriki’s bitcoin wallets in the Amazon Cloud server and deleted the bash history with the sole intention …

Scam accused moved bitcoins into offline wallets, says SIT
10 months, 2 weeks ago

Scam accused moved bitcoins into offline wallets, says SIT

The Hindu  

Police inspector Prashanth Babu and cybercrime expert Santosh Kumar, arrested by the Special Investigation Team probing the bitcoin scam, allegedly dumped some of the bitcoins in the possession of hacker Srikrishna alias Sriki into three cryptocurrency hardware wallets, a document accessed by The Hindu show. These officers along with the two other accused already arrested, besides keeping Sriki and Robin …

Caught in a web | Non-cooperation of banks and internet intermediaries a big hurdle for cybercrime probes
10 months, 3 weeks ago

Caught in a web | Non-cooperation of banks and internet intermediaries a big hurdle for cybercrime probes

The Hindu  

A fake investment scheme cracked in October 2023, involving a network of 84 bank accounts with transactions worth over ₹850 crore, and a work-from-home scam unearthed last week, involving a network of 30 bank accounts with transactions worth over ₹150 crore, were detected by following the trail of money laundered through several bank accounts. “Opening these bank accounts is a …

SIT probing Karnataka Bitcoin scam finds accused to have transferred coins to his associate
10 months, 3 weeks ago

SIT probing Karnataka Bitcoin scam finds accused to have transferred coins to his associate

The Hindu  

In the bitcoin scam which is being probed by the Special Investigation Team of the Criminal Investigation Department, one of the accused, identified as Santosh Kumar, had allegedly moved coins to his associate to keep them safe. The Central Crime Branch inspectors who were probing several cases filed against hacker Srikrishna Ramesh aka Sriki were allegedly introduced to Kumar by …

Bitcoin scam: FIR reveals multiple irregularities by CCB inspectors
10 months, 4 weeks ago

Bitcoin scam: FIR reveals multiple irregularities by CCB inspectors

The Hindu  

As the Special Investigation Team of the Criminal Investigation Department probing the bitcoin scam arrested two persons, including a Police Inspector, and booked three other inspectors who served in the Central Crime Branch, the FIR revealed that the SIT has found irregularities in the investigation done by police officers on two cases filed in 2020 — one in K.G. The …

Bengaluru Bitcoin scam: SIT arrests two, including Police Inspector
10 months, 4 weeks ago

Bengaluru Bitcoin scam: SIT arrests two, including Police Inspector

The Hindu  

After six months of investigation into the Bitcoin scam, finally, the Special Investigation Team of the Criminal Investigation Department has arrested two persons, including a Police Inspector. The arrested have been identified as Prashanth Babu, PI, Technical Support Centre, Adugodi and Santosh Kumar K.S., Chief Executive Officer, GCID Technologies Private Limited, HSR Layout. The SIT on Wednesday, January 24, registered …

Two more arrested in multi-crore online part-time job scam
1 year ago

Two more arrested in multi-crore online part-time job scam

The Hindu  

The Ernakulam Rural cyber crime police have arrested two more persons in connection with the crores-worth online scam pulled off by offering part-time jobs. As per initial estimates by the cyber crime police, the racket has pulled off cheating worth around ₹250 crore through 50 different accounts. According to the police, Chakradhar was the accomplice of Manoj and enticed people …

SIT on the money trail in bitcoin scam: were ‘diverted’ bitcoins cashed out in local banks?
1 year ago

SIT on the money trail in bitcoin scam: were ‘diverted’ bitcoins cashed out in local banks?

The Hindu  

The Special Investigation Team probing the bitcoin scam is close to identifying a money trail that may finally establish that bitcoins were indeed forcefully stolen, diverted into wallets and encashed. Investigation of several officials posted with the Parappana Agrahara prison where hacker Srikrishna Ramesh alias Sriki was lodged in and Central Crime Branch and other source-based information, has reportedly given …

Bitcoin scam: SIT seeks details of hacker Sriki’s stay in Bengaluru Central Prison, officers who were on duty
1 year ago

Bitcoin scam: SIT seeks details of hacker Sriki’s stay in Bengaluru Central Prison, officers who were on duty

The Hindu  

The Special Investigation Team of the Criminal Investigation Department probing the bitcoin scam has issued a notice to the Prison and Correctional Services Department seeking multiple details. According to sources, in a letter sent to the department, the SIT has sought details about hacker Srikrishna Ramesh alias Sriki’s stay in the Bengaluru Central Prison. In the notice issued to the …

Sriki moved Bitcoins worth ₹10 crore in just 22 minutes from inside Bengaluru prison
1 year, 1 month ago

Sriki moved Bitcoins worth ₹10 crore in just 22 minutes from inside Bengaluru prison

The Hindu  

Notorious hacker Srikrishna Ramesh, who was inside a quarantine cell at Parappana Agrahara after he was arrested in 2020, allegedly moved Bitcoins worth ₹10 crore to different wallets using a laptop that was smuggled into the prison, unleashing the Bitcoin scam. According to highly-placed sources privy to the Special Investigation Team of the Criminal Investigation Department, a constable was allegedly …

Senior prison officials likely to be questioned in Bitcoin scam
1 year, 1 month ago

Senior prison officials likely to be questioned in Bitcoin scam

The Hindu  

The Special Investigation Team probing the controversial Bitcoin scam is likely to question senior officials who were posted with the Karnataka Prisons Department when hacker Sri Krishna was lodged in Parappana Agrahara Central Prison. The SIT during the course of its investigation has reportedly got leads to the hacker being forced to transfer some bitcoins while in judicial custody. Sriki, …

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York
1 year, 1 month ago

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York

Hindustan Times  

Five Indian Americans are reportedly being investigated for an illegal $30million crypto exchange scheme operating in the heart of New York. 5 Indian Americans, Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel have been accused of running this illegal Bitcoin exchange with an adept criminal finesse, bypassing the legal scrutiny. The report claims, this individual …

CBI’s Operation Chakra-II cracks two more cases of cyber-enabled financial crimes
1 year, 2 months ago

CBI’s Operation Chakra-II cracks two more cases of cyber-enabled financial crimes

The Hindu  

The Central Bureau of Investigation, as part of its ‘Chakra-II’ operation, has achieved a major breakthrough in two more cases involving an international online investment fraud worth hundreds of crores targeting Indians; and a cyber-enabled impersonation racket in which Singaporean citizens were cheated. It found that fraudsters used various social media platforms and their 137 shell companies The ill-gotten money …

CID SIT raids residences, offices of four former CCB officials in bitcoin case
1 year, 2 months ago

CID SIT raids residences, offices of four former CCB officials in bitcoin case

The Hindu  

The Special Investigation Team of the CID probing the bitcoin case, led by ADGP Manish Kharbikar, on Saturday, conducted a series of raids on the houses of Central Crime Branch officials and two people who allegedly fabricated the seized documents and accessed the e-wallets of the prime accused Sriki for personal gain. A team of officials raided nine places belonging …

Karnataka CID launches probe against CCB officers in bitcoin scam case
1 year, 3 months ago

Karnataka CID launches probe against CCB officers in bitcoin scam case

Hindustan Times  

The Criminal Investigation Department has initiated an investigation against officers of the Central Crime Branch in connection with the Bitcoin scam case, according to an officer familiar with the development. The CID interrogated prime accused in the bitcoin scam Sri Krishna Ramesh to find out role of CCB officers in the scam. The alleged Bitcoin scam came to light after …

Rs 712 Cr Rate and Review' Racket Busted, Nine Held
1 year, 5 months ago

Rs 712 Cr Rate and Review' Racket Busted, Nine Held

Deccan Chronicle  

HYDERABAD: The cybercrime wing of the Hyderabad police busted an international racket of criminals, who are alleged to have looted over Rs 712 crore from over 15,000 victims, and arrested nine persons in connection with the crimes. As per the details shared by the police, accused Prakash Mulchandbhai Prajapati, of Ahmedabad, supplied Indian bank accounts to his Chinese handlers Lee …

SIT formed to probe Bitcoin scam dating back to previous BJP regime
1 year, 5 months ago

SIT formed to probe Bitcoin scam dating back to previous BJP regime

The Hindu  

The Karnataka government on Monday constituted a Special Investigation Team to reopen and probe an alleged Bitcoin scam that had surfaced during the previous BJP regime. The Bitcoin scam had surfaced during the BJP’s regime and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involved big names. Since …

Karnataka government to revive Bitcoin scam probe, says Home Minister G Parameshwara
1 year, 6 months ago

Karnataka government to revive Bitcoin scam probe, says Home Minister G Parameshwara

India Today  

The Siddaramaiah-led Congress government in the state will re-examine the Bitcoin scam that made headlines in 2021, Home Minister Dr G Parameshwara said. Home minister Dr G Parameshwara said, “We are in power now and we will dig things up. We will re-examine the Bitcoin scam.” The cabinet minister said the BJP leaders in the state had alleged an "adjustment …

Tamil Nadu cyber crime police issues advisory on a new cyber security threat
1 year, 6 months ago

Tamil Nadu cyber crime police issues advisory on a new cyber security threat

The Hindu  

The Cyber Crime Wing of Tamil Nadu Police has warned people about new threats. Everyone will be instructed to soon attend some tasks by investing money in bitcoin / cryptocurrency, said ADGP, Cyber Crime Wing, Sanjay Kumar. To make people believe, the result of investment would appear on the portal page as “Assets” reflecting the profits one earned along with …

A critical move on crypto trade
1 year, 9 months ago

A critical move on crypto trade

Hindustan Times  

India this week tweaked rules against money laundering to cover trade in cryptocurrencies, such as Bitcoin and Ethereum. The department of revenue issued a notification outlining new definitions to cover five specific scenarios: When cryptocurrency and fiat money is exchanged; when one form of crypto is exchanged with another; if such coins are transferred; the storing of virtual digital assets; …

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore
2 years, 2 months ago

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore

The Hindu  

The Directorate of Enforcement conducted search operations on 12 entities in Bengaluru allegedly involved in a part-time job fraud case and seized ₹5.85 crore under section 17 of the Prevention of Money Laundering Act, 2002. The ED initiated money-laundering investigation on the basis of an FIR registered in South CEN police station, Bengaluru, in the matter related to part-time job …

Will investigate bitcoin scam if anyone shows evidence: Home Minister
2 years, 3 months ago

Will investigate bitcoin scam if anyone shows evidence: Home Minister

The Hindu  

Home Minister Araga Jnanendra on Thursday said the government would investigate the bitcoin scam if those who had been cheated provided evidence. The scam revolves around a money-laundering case against Srikrishna, 26, who along with his associates has been booked for allegedly stealing ₹11.5 crore from a Karnataka government’s e-procurement portal and for hacking into gaming sites and international cryptocurrency …

Hacker’s brother can’t fly out of India because of £50,000 transaction
2 years, 5 months ago

Hacker’s brother can’t fly out of India because of £50,000 transaction

The Hindu  

The High Court of Karnataka has rejected the plea of brother of Srikrishna alias Sriki, who is an accused in a couple of alleged cheating cases related to hacking of crypto exchanges, against the Enforcement Directorate’s action of stopping him from travelling abroad to report back to his job. The court rejected the petition while noticing from the documents produced …

Kolkata, India where scammers pretend to be from the ATO, Amazon and Microsoft
2 years, 6 months ago

Kolkata, India where scammers pretend to be from the ATO, Amazon and Microsoft

Daily Mail  

The bland tower blocks of Sector V district in Kolkata are not on the itinerary of visitors to India, yet the people behind the walls of these buildings are all too familiar to many in the West. Sector V in Kolkata, India - also known as the City of Joy - is no more than a few blocks wide but …

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