Bengaluru (Karnataka) [India], November 13 (ANI): A 26-year-old accused in Karnataka’s alleged Bitcoin scam has informed the police that he had twice hacked Bitfinex exchange during his stay in Netherlands.

The alleged hacker has been identified as Srikrishna Ramesh alias Sriki.

“Bitfinex was my first big Bitcoin exchange hack. The exchange was hacked twice, and I was the first person to do so. The second instance was a simple spear-phishing attack which led to two Israeli hackers working for the army getting access to the computers of one of the employees, which gave them access to the AWS cloud account,” Ramesh said in his statement to the police.

Explaining how he managed to hack the bitcoin exchange, he said, “I exploited a bug in the data centre which gave me KVM (Kernel-based virtual machine) access to the server. I rebooted the server into GRUB mode, reset the root password, logged in, and reset the withdrawal server passwords and routed the money via bitcoin to my bitcoin address.”

He said that he made a profit of around 20008 BTC (bitcoin).

He said, “I did not save anything. I spent around Rs 1 to Rs 3 lakh a day on alcohol and hotel bills on average. The price of bitcoin during the time of this hack was around USD 100 or USD 200, which I shared with my friend Andy from the UK.”

Ramesh also informed that he had hacked into the Karnataka government’s eProcurement site in 2019.

“We hacked this site in 2019 and made three separate transfers. Two of the accounts were given…

Read more…