Bengaluru hacker denied bail over ED evidence of Rs 288 crore money trail
The special court also pointed out that Sriki continued to indulge in illegal activities even after the Bengaluru police arrested him in 2020 for hacking-related offences.
Explanation in simple terms
A hacker from Bengaluru named Sriki has been arrested for stealing money and using cryptocurrency to hide it. A court has rejected his request to be released from jail while the case continues. Officials found evidence showing that 288 crore rupees (about 34 million dollars) was moved through suspicious channels. The judge decided he must stay in custody until the investigation is complete.
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