New Delhi, April 20 -- The Enforcement Directorate (ED)'s Bangalore Zonal Office is conducting search operations at twelve locations linked to Srikrishna alias Sriki and others across Karnataka.
A senior ED official said that the investigation was initiated based on multiple FIRs and charge sheets filed by the Karnataka Police, alleging offences such as hacking of national and international websites, theft of bitcoins, extortion, and violations of the NDPS Act.
"Investigation under the PMLA has revealed the following modus operandi adopted by the accused persons: (a) Hacking websites and wallets to steal virtual digital assets (proceeds of crime). (b) Hacking websites to steal data and money (proceeds of crime). (c) Selling stolen virtual...