The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than ₹130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities
Bitcoins worth Rs 9 crore seized from 25-year-old Bengaluru hacker
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Bitcoins worth Rs 9 crore seized from 25-year-old Bengaluru hacker
ANI / Jan 15, 2021, 14:14 IST
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(Representative image)
BENGALURU: The Karnataka Police has seized Bitcoins worth Rs 9 crore from a 25-year-old hacker, Bengaluru joint commissioner of police (crime) Sandeep Patil informed on Friday.
The hacker, Srikrishna alias Shreeki, was arrested on November 18 for allegedly breaking into government websites, online gaming portals and websites. During the investigation, it has been found that hacker Srikrishna hacked three Bitcoin exchanges and 10 poker sites. Bitcoins worth Rs 9 crore have been seized in this matter, Patil said.
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016.
To Sell or to Destroy the Coins
According to a report by one Finnish broadcaster, the confiscated bitcoins had an estimated value of $800,000 at the time of the seizure. However, with bitcoin now trading above $38,000, Finnish Customs may well get over $75 million if the coins are sold at current prices.