CySecurity News – Latest Information Security and Hacking Incidents
The Pune city Police have traced 237 bitcoins taken by two cyber specialists who were arrested for committing a multicrore cryptocurrency seizure fraud while assisting the cops in two cases in 2018.
Last month on March 12, the Pune City police’s cybercrime cell detained two specialists — Pankaj Ghode (38) and Ravindranath Patil (45) and an ex-IPS officer of Jammu and Kashmir cadre, following an exhaustive probe that began in April 2021.
In 2018, Ghode and Patil aided a Pune police Special Investigations squad in uncovering two multimillion-dollar bitcoin ponzi schemes. The duo transferred the cryptocurrencies, recovered from the Gainbitcoin scam, and then manipulated the screenshots of those transactions and gave them to the police as proof. However, the technical investigation revealed that there were some bitcoins in the said wallet and Ghode did not give information regarding them to the investigating officer.
Two FIRs were lodged at Dattawadi and Nigdi police stations against the duo for probing the fraud, under sections 406, 409, 420, 120 b, 109, 201 of the IPC and sections of
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