Home Bitcoin News Bitcoin Scam 1st person to crack Bitfinex, multiple hacking scams: Karnataka hacker's tell-all statement to police | Exclusive – India Today

1st person to crack Bitfinex, multiple hacking scams: Karnataka hacker's tell-all statement to police | Exclusive – India Today

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In a tell-all assertion to the Karnataka Police, the prime accused within the Bitcoin rip-off, Srikrishna Ramesh, aka Sriki, revealed that he had hacked Bitfinex twice throughout his keep within the Netherlands and was the primary particular person to take action. Bitfinex is a cryptocurrency change primarily based in Hong Kong.

“Bitfinex was my first huge bitcoin change hack; the change was hacked twice, and I used to be the primary particular person to take action. The second occasion was a easy spear-phishing assault that led to 2 Israeli hackers working for the military having access to the computer systems of one of many staff, which gave them entry to the AWS cloud account.”

Explaining how he managed to hack the bitcoin change, he stated, “I exploited a bug within the information centre which gave me KVM (Kernel-based digital machine) entry to the server. I rebooted the server into GRUB mode, reset the basis password, logged in, and reset the withdrawal server passwords and routed the cash by way of bitcoin to my bitcoin tackle.”

He stated he made a revenue of round 20008 BTC (bitcoin) however couldn’t save any of it as he splurged the cash on his luxurious life-style.

Learn: PM asked me to work with loyalty in interest of Karnataka, didn’t discuss bitcoin scam: CM Basavaraj Bommai

He stated, “I did not save something. Blew it up on the luxurious life-style which I continued by spending round Rs 1 to Rs 3 lakh a day on alcohol and lodge payments on common. The value of bitcoin through the time of this hack was round $100 or $200, which I shared with my pal Andy from the UK.”


Srikrishna Ramesh stated he hacked into the Karnataka authorities’s eProcurement web site in 2019. He stated, “I exploited a distant code execution vulnerability and bought entry to the bidder data and downloaded all of the information referring to the bids occurring at that second. The hack allowed me to obtain excel information containing the transaction particulars, bid reference, cost quantity, IFSC codes, account numbers of bidder, and so forth.”

“We hacked this web site in 2019 and made three separate transfers. Two of the accounts got to me by Hemanth Mudappa for a complete of Rs 18 crore in a single account and Rs 28 crore within the different. Hemanth claimed he collected Rs 2 crore from an entity known as Ayub, whom I have no idea. Nevertheless, the CID claims that Rs 11 crore was collected by Hemanth Mudappa.”

“I initiated the second switch of Rs 28 crores whereas sitting within the Himalayas – Ananda spa and resort as per the directions of Sunish Hegde. This transaction was presumably refunded as a result of the federal government apparently bought to know concerning the doubtful nature of the transaction. I didn’t earn any revenue from this; nonetheless, I did benefit from the proceeds of the crime by residing in 5-star resorts and having fun with an expensive life-style from the proceeds of the identical.”

Learn: Karnataka Bitcoin Scam: Meet ‘Big Boss’ Srikky, the hacker who hoodwinked police


Srikrishna started to take an curiosity in computer systems whereas in Class 4 and later immersed himself in varied pc languages and applied sciences. He hacked into the primary web site whereas in class and usually altered his and others’ attendance and marks.

Srikrishna Ramesh engineered his first bot recreation when he was in Class 4. He stated, “Throughout my education, I picked up a number of technical abilities which turned out to be helpful for a number of cybercrime-related actions. In Class 4, I learnt the fundamentals of internet exploitation, Java, Reverse engineering and wrote my first bot for a recreation known as RuneScape. This was my first try at reverse engineering obfuscated video games and binary exploitation.”

“Between Class 4 and Class 10, I joined an IRC channel of a bunch of Blackhat hackers who finally taught me the artwork of hacking and exploitation. Selecting up abilities slowly as a script kiddie, studying the fundamentals of databases, SQL injections, Native File Inclusions, Distant file inclusions, Distant code executions, Shells, Internet software exploitation and Supply code evaluation.”

“After I was in Class 9, I used to be promoted to a moderator of the discussion board and an administrator of the IRC community by my mentor, who’s an nameless entity named “Rose/BigBoss. Whereas operating the IRC community, I made a number of web pals who modified my life by mentoring me in varied different facets of crime, particularly monetary, but not unethical.

He stated by the point he was in Class 10, he made a number of thousand {dollars} alongside together with his pal.


Bitclub Community – He hacked into Bitclub networks change servers in 2017, bought entry to major servers, and withdrew round 100BTC.

PPPoker – He hacked this Chinese language web site in 2017 and 2018 and bought entry to the database by way of the admin panel.

RuneScape.com – As a teen, he hacked into this recreation and offered gold on the sport for cash on PayPal and Liberty Reserve, which is a now-defunct web site, because the proprietor of the web site was arrested for cash laundering and defective KYC insurance policies. $1 million from this recreation was spent on resorts and pals.

GGPoker – He stated he tried to hack this web site on the behest of Sunish Hegde, who threatened him with dire penalties if he failed to complete the job. Being the highest poker web site globally at that second, surpassing even PokerStars, the duty was significantly tough, he stated. When the job was accomplished, Sunish went to jail.

These are just some instances; he has a number of different hacking crimes to his identify.

BTC-e.com – “This was a significant monetary revenue for me, the proprietor of this defunct change is sitting in jail in France pending extradition to the US,” he stated. He made a revenue of $3-$3.5 million from this.


His luck ran out in November 2020 when a few of his associates allegedly went to a put up workplace in Bengaluru to gather a parcel of ganja. In line with sources, Srikrishna transferred funds to Robin Khandelwal, who ran a Bitcoin buying and selling service, to buy medication on the darknet.

He was then arrested within the drug case, however this opened Pandora’s Field. The Bengaluru Police discovered Srikrishna was concerned in a number of different crimes within the metropolis. Moreover, a CID cybercrime cell probe that was in progress on the similar time into the e-procurement cell hacking additionally unearthed technical proof linking him to the crime.

The police then claimed to have recovered 31 bitcoins valued at Rs 9 crore from the alleged hacker. Nevertheless, it’s alleged that Srikrishna had misled crime department officers into believing he had entry to bitcoins that have been truly in change and never in his possession, which led to the declare of the restoration of bitcoins.

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