ED Arrests Trio in Cryptocurrency-Linked Money Laundering Case

The Enforcement Directorate (ED) has made significant progress in its investigation into a cryptocurrency-linked money laundering case. On May 8, the agency arrested three individuals, including an alleged crypto hacker known as Srikrishna Ramesh alias Sriki.

According to officials, the trio was taken into custody and produced before a local court in Bengaluru, which subsequently sent them to 10 days of ED custody. This development comes after the ED conducted raids on April 20 at various premises linked to those under investigation.

The case is linked to several Karnataka Police FIRs and chargesheets filed in a 2017 hacking case involving national and international websites, bitcoins, and virtual digital assets (VDAs). The alleged hacker Sriki and his associates are accused of stealing bitcoins and selling them through crypto platforms.