'Distorted, misleading': Karnataka police refute all allegations on Bitcoin scandal

Bengaluru, Nov 14 (IANS): The Karnataka Police, facing criticism in the backdrop of the Bitcoin scandal by the opposition Congress, on Saturday released a detailed four-page press note, refuting all allegations.

Congress leader Rahul Gandhi has spoken on the Bitcoin scandal and party spokesperson Randeep Singh Surjewala held a press conference in Delhi to charge the ruling BJP in Karnataka, and also targetted Prime Minister Narendra Modi.

The Congress is also demanding a probe by a sitting judge of the Supreme Court.

Bengaluru Police Commissioner Kamal Pant has stated the claim made on 'Whale Alert' that 14,682 stolen Bitfinex Bitcoins were transferred is completely unsubstantiated, adding there is nothing to suggest that it originated from Bangalore.

"Since distorted reports are appearing in the media about the Bitcoin case, it is stated that investigation conducted by CCB has been done in a fair and professional manner," he said.

"The law enforcement system and investigating agencies work on certain procedures laid down by law of the land. They cannot act on unconfirmed, unknown social media handles and inputs," he underlined.

"It is a matter of fact that even though the arrest of the said accused attained wide media publicity, till date no foreign law enforcement agencies nor any foreign companies have approached the Bengaluru Police about any hacking, as claimed by the accused," the police officer said.

He further stated that such misleading versions are being floated based on incomplete and distorted facts. "All such versions are vehemently denied."

Hence the facts related to the case are being clarified as under it is stated that on November 4, based on the credible information regarding a drug consignment procured through darknet, CCB Police secured one accused and seized 500 grams of Hydro Ganja.

In this regard, a case was registered at KG Nagar police station under NDPS Act. During further investigation, 10 other accused persons including Srikrishna a.k.a Srikhi were secured and arrested.

During the interrogation of accused Srikrishna, he confessed before the investigation officer about his involvement in alleged hacking of many Crypto Currency Websites.

Since a cognizable offence was made out, a complaint was registered. It is stated that neither any Bitcoins were transferred from the account of hacker Srikrishna, nor any Bitcoin was lost.

During the process of identifying and seizure of Bitcoins, accused Srikrishna showed a BTC wallet, which contained 31.8 BTC.

Subsequently, court permission was obtained to use the password to transfer the said Bitcoins to the police wallet account. Upon reaching the said wallet shown by the accused Srikrishna, it showed 186.811 Bitcoins.

On enquiry, cyber experts opined that the said account claimed by accused as his personal account, was in fact a live wallet of an exchange and accused did not have private key for this.

Hence, the said account was left untouched and as a result, no Bitcoins were transferred to the police wallet. The case has been charged along with the above facts and related documents and is now sub judice.

The accused during his voluntary statement had made a series of claims of high volume hacking of websites, without any specific details. Therefore, a preliminary investigation was conducted to ascertain the veracity of claims made by him.

Careful examination of digital evidence by the cyber experts revealed that the majority of his claims were unsubstantiated. This procedure took time and only after a report was sent to Interpol for further need full at their end, the police said.



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Comment on this article

  • Raman, Mangalore

    Sun, Nov 14 2021

    Closing Swiss bank accounts ...Transfer of Rs fifteen lakhs all though nobody received ..these promises further up in smoke .... Bitcoins are easy way of converting Ill gotten money .. Paying bribes .. a new form Digital black money There aren’t experts in police dept ..so the cyber criminals are having 5 star parties and a great time ..govt appears not serious ..

    DisAgree Agree [8] Reply Report Abuse

  • mohan prabhu, mangalore/canada

    Sun, Nov 14 2021

    loot-igiri galore! Congress is trying to reap publicity to shore up its dying legacy with Rahul and Sujrewala leading the charge.

    DisAgree [6] Agree Reply Report Abuse

  • Raman, Mangalore

    Sun, Nov 14 2021

    As of today what was revealed by shri Kharge .. Bail guarantee by prominent bjp leader to bit coin accused ..points to a scandalous Sequence of events ... In addition no proper reply by ruling dispensation .. Only firing under cover ..tangential replies .... The various acts point to a very serious money Heist ... In addition many acts of police ...on complaints ...has created doubts .... If as pure then why all channels News reporters after this .. No smoke without fire ..

    DisAgree Agree [6] Reply Report Abuse

  • Lobo, Mangalore

    Sun, Nov 14 2021

    Sooner or later, there will be news of an accused, apparently and most-suspiciously did suicide inside the cell a police station! After that case is closed! Dead men tell no tales. Thousands of crores laundered and all the stealth culprits laugh their way to the bank.

    DisAgree [2] Agree [17] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Sun, Nov 14 2021

    Commentators trying hard to spread fake narrative and tool kit as well as make mountain out of mole hill!

    DisAgree [25] Agree [3] Reply Report Abuse

  • Prakash, Dubai

    Sun, Nov 14 2021

    Anantha, is there any hidden chip in bit coins as it was there in Rs 2000 notes according to your favorite TV channels journalists?? Please clarify. Hahah.

    DisAgree [1] Agree [24] Reply Report Abuse

  • Amith, udupi

    Sun, Nov 14 2021

    2rs bhakts should understand that one bit coin is worth over 67000 $ and is growing every minute ..so dont try to calculate how much is 186 bit coins ..you might have to use your neighbours calculator ..

    DisAgree [2] Agree [18] Reply Report Abuse

  • geoffrey, hat hill

    Sun, Nov 14 2021

    Your party has patented all fake narratives in the country. Therefore if any other party try to sell any F.N. they'll be sued for patent infringement.

    DisAgree Agree [4] Reply Report Abuse

  • Hasan-Zain, Doha

    Sun, Nov 14 2021

    Great job sir as expected, as we staying in overseas people of other nationalities are making jokes on us now. if some thing happens in north east DG of police is coming out giving clean chit to accused and says nothing of these type of things have never happened in their state. in UP if crime happens central ministries come to defend accused. And now with high quality graduates in our state our police commissioner wants us to believe his version. God knows what will happen to our country and what will be the future of our next generation if this type of people rules our country and we expect this type of police will guard us.

    DisAgree [2] Agree [24] Reply Report Abuse

  • Prakash, Dubai

    Sun, Nov 14 2021

    This is the agenda of akhand bharat by RSS. They are trying hard to achieve same grades as Pakistan and Afghanistan , which are part of Akhand bharath. Same way lawlessness, poor economy, divided citizens etc are part of that megha game plan by BJP backed by RSS.

    DisAgree [2] Agree [13] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Sun, Nov 14 2021

    Yesterday... Honorable PM Modi chaired a high level meeting to discuss about BITCOIN issues..., and now Police chief is refuting it..., What a funny situation.... after all what can be expected from less educated Jokara class....

    DisAgree [2] Agree [34] Reply Report Abuse

  • Amaze, karkala

    Sun, Nov 14 2021

    once cryptocurrency is transferred to the wallet it cant be traced. Only a hacker can solve such kind of cases

    DisAgree [2] Agree [23] Reply Report Abuse

  • Jossey Saldanha, Thane

    Sun, Nov 14 2021

    We all know Karnataka Police Reports to ...

    DisAgree [1] Agree [24] Reply Report Abuse

  • Lance, Mangalore/Canada

    Sun, Nov 14 2021

    Can not act on Social Media reports ? Some agencies can though!!!

    DisAgree [3] Agree [17] Reply Report Abuse

  • Aam Aadmi, Mangalore

    Sun, Nov 14 2021

    Is Bengaluru Police Commissioner Kamal Pant from Police department or a BJP spokesman?

    DisAgree [3] Agree [36] Reply Report Abuse

  • Alwin, Mangaluru

    Sun, Nov 14 2021

    If facts are distorted why no action against press. It appears also making statement s far away from truth and subject. Do people put under confusion or to people to forget subject for time pass

    DisAgree [2] Agree [20] Reply Report Abuse

  • Veer, Nagpur

    Sun, Nov 14 2021

    Not surprised at all. After all who is paying him his salary, he has to be loyal him even if it’s people’s tax money. Constitutional oath, loyalty to the country is only in fake hbshans.

    DisAgree [3] Agree [28] Reply Report Abuse

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