Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Indian Who Hacked Bitfinex Exchange Twice Reveals Details of Plot

Indian Who Hacked Bitfinex Exchange Twice Reveals Details of Plot

Kelly Cromley by Kelly Cromley
Nov 13, 2021
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

A 26-year-old man suspected of running a Bitcoin fraud in the Indian state of Karnataka has confessed to police that he hacked the Bitfinex exchange twice while on vacation in the Netherlands during his time there. Srikrishna Ramesh, aka Sriki, has been named as the alleged hacker in this case.

“My first major Bitcoin exchange hack was against Bitfinex. Hackers gained access to the exchange on two separate occasions, with me being the first to do so. The second incident involved a straightforward spear-phishing attack that resulted in two Israeli hackers working for the army gaining access to the computers of one of the employees, which in turn provided them with access to the AWS cloud account, according to the report” Ramesh said in his police statement.

He revealed the following explanation for how he was able to hack the bitcoin exchange: “I took advantage of a weakness in the data centre, which granted me access to the server using KVM (Kernel-based virtual machine). Rebooting the system into GRUB mode, resetting the root password, logging in, resetting the withdrawal server passwords, and routing the money through bitcoin to my bitcoin address were all things I did.”

He claimed to have made a profit of approximately 20008 Bitcoins (bitcoin). It was he who said, “No, I did not make any backups. On average, I spent between $1500 to $3000 each day on alcoholic beverages and lodging expenses. This hack took place during a period when the price of bitcoin was around US$100 or US$200, which I discussed with my friend Andy from the United Kingdom.”

As part of his confession, Ramesh said that he had hacked into the Karnataka government’s eProcurement website in 2019. “In 2019, we hacked into this site and transferred three different files. Hemanth Mudappa gave me two accounts with a combined value of approximately $2.50 million in one account and approximately $3.8 million in the other. Hemanth claimed to have received $0.3 million from an entity known only as Ayub, which I am not familiar with. The CID, on the other hand, says that Hemanth Mudappa was in possession of $1.50 million in cash” he explained.

“While sitting in the Himalayas, I initiated the second transfer of $3.80 billion rupees. This purchase was probably returned because the government was allegedly made aware of the dubious nature of the transaction at the time of the transaction. However, I did benefit from the crime by staying in 5-star hotels and enjoying a luxurious lifestyle as a result of the proceeds of the crime, even though I did not make any money from it.” He went on to say

more. And in the meantime, former Karnataka chief minister and Congress leader Siddaramaiah has claimed that politicians and government personnel in the state were involved in a Bitcoin scam involving a cryptocurrency exchange.

Siddaramaiah has also claimed that an attempt was made to conceal the alleged swindle, although he has not identified the politicians involved. Because of the international nature of the trades, the Karnataka government has submitted the ‘bitcoin fraud’ to the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) for further investigation. Notably, these claims have surfaced just days before by-elections in two Karnataka constituencies are due.

Previous Post

Bitcoin ‘Taproot’ Upgrade this Weekend Will Make Transactions Cheaper

Next Post

Forte Raises $725mln to Build Compliant, Interoperable Blockchain Gaming Platform

Related Posts

XRP Price if Ripple Captures 14% of SWIFT Market Share in 5 Years

XRP Price if Ripple Captures 14% of SWIFT Market Share in 5 Years

by Mostafijur Rahman
Jun 13, 2025
0

Ripple’s vision of replacing or supplementing parts of the legacy SWIFT system is not new—but what if it actually happened...

sft-luffa-partner-for-secure-web3-messaging

SFT and Luffa Unite to Secure Web3 Messaging

by Kelly Cromley
Jun 13, 2025
0

SFT Protocol, a notable player in the decentralized finance landscape known for enabling liquidity in staked assets, has announced a...

quackai-soonchain-decentralized-gaming-partnership

Quack AI and SoonChain Join Forces to Revolutionize Decision-Making in Decentralized Gaming

by Kelly Cromley
Jun 13, 2025
0

Quack AI, an established platform specializing in artificial intelligence-driven governance solutions, has announced a strategic partnership with SoonChain, a progressive...

Ethereum’s Polygon Inks Two Deals to Bring DeFi, Decentralized Insurance & NFT to Enterprises

Polygon Bridges POL Token to Solana with Wormhole Integration

by Kelly Cromley
Jun 13, 2025
0

Polygon, a leading Layer 2 scaling solution for Ethereum, has announced plans to extend the functionality of its native POL...

Cardano Launches Smart Contracts Testnet “KEVM”

Cardano Strengthens Blockchain with Anti-Grinding Upgrade

by Kelly Cromley
Jun 13, 2025
0

Cardano, one of the foremost public decentralized blockchain protocols, has unveiled a new anti-grinding mechanism aimed at improving network security...

nillion unveils alpha mainnet to advance privacy-centric computing

Nillion Launches Enterprise Cluster with Global Tech Giants

by Kelly Cromley
Jun 13, 2025
0

In a significant move toward expanding decentralized infrastructure beyond traditional crypto use cases, Nillion has officially introduced its Enterprise Cluster....

Next Post
Forte Raises $725mln to Build Compliant, Interoperable Blockchain Gaming Platform

Forte Raises $725mln to Build Compliant, Interoperable Blockchain Gaming Platform

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

sft-luffa-partner-for-secure-web3-messaging
Market News

SFT and Luffa Unite to Secure Web3 Messaging

by Kelly Cromley
Jun 13, 2025
quackai-soonchain-decentralized-gaming-partnership
Market News

Quack AI and SoonChain Join Forces to Revolutionize Decision-Making in Decentralized Gaming

by Kelly Cromley
Jun 13, 2025
Ethereum’s Polygon Inks Two Deals to Bring DeFi, Decentralized Insurance & NFT to Enterprises
Market News

Polygon Bridges POL Token to Solana with Wormhole Integration

by Kelly Cromley
Jun 13, 2025
Cardano Launches Smart Contracts Testnet “KEVM”
Cardano News

Cardano Strengthens Blockchain with Anti-Grinding Upgrade

by Kelly Cromley
Jun 13, 2025
nillion unveils alpha mainnet to advance privacy-centric computing
Market News

Nillion Launches Enterprise Cluster with Global Tech Giants

by Kelly Cromley
Jun 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree