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Bengaluru hacker Sriki — Money laundering and crypto fraud

Srikrishna Ramesh, known as Sriki, was arrested by the Enforcement Directorate in May 2026 regarding an organized cryptocurrency money laundering probe involving a ₹288 crore trail. While a special court denied him bail on 29 August 2026, the Karnataka High Court granted him bail on 12 October 2026 due to the length of his detention and the unlikely prospect of a swift trial conclusion.