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Defendant in Indian Bitcoin scam claims to hack Bitfinex

November 12, 2021
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On November 12th, Srikrishna Ramesh (Sriki), the main defendant of a large-scale Bitcoin scandal in Karnataka, India, revealed to the police that he was the first person to invade the Bitfinex crypto exchange. This is him. The first major Bitcoin exchange attack carried out.

He explained how he broke into the exchange system twice. “Bitfinex was my first large Bitcoin exchange hack; the exchange was hacked twice. I was the first to do this. The second time was a simple spear phishing attack. The result was a simple spear phishing attack. Two Israeli hackers working for the military accessed the computer of one of the employees. This allowed them to access his AWS cloud account.”

The main defendant also disclosed in detail how he entered the Bitfinex platform. “I took advantage of a bug in the data center that allowed me to access the server through KVM (kernel-based virtual machine). I restarted the server and entered GRUB mode, reset the root password, and then logged in. Reset the withdrawal server password and pass Bitcoin sends money to my Bitcoin address.”

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