During investigation, it was found that the accused transferred around 6.7 Bitcoins, 9.79 Ethers and 2.44 Bitcoin Cash to three accounts. The two bitcoins were transferred to 6 accounts, including a wallet named ‘Al-Qassam Brigade’.
DCP (Cyber Cell) KPS Malhotra told PTI that the cryptocurrency was routed through various wallets and delivered to suspicious wallets. The investigation revealed that a wallet belonging to a Palestinian organization was confiscated by the Israeli authorities for terror financing.
The investigation so far by the Intelligence Fusion and Strategic Ops (IFSO) unit of Delhi Police Special Cell has revealed that bitcoin and other cryptocurrencies were fraudulently transferred from the businessman’s wallet, he said.
Malhotra explained that the cryptocurrencies were sent through different wallets and delivered to the wallets of the suspects. It is also learned that a wallet belonging to the Palestinian Organization was confiscated by the Israeli authorities for its involvement in terror financing.
Police said some of the currency was transferred to the rest of the wallet. These wallets are being operated from Giza, Egypt and Ramallah in Palestine. The police have traced the details of these accounts. Some of them were used for financing terrorist operations and the rest for child pornography.
Significantly, hackers are trying new ways to target the fast growing crypto sector around the world. In a recent incident, hackers took control of several YouTube channels. Many of these YouTube channels were from influencers supporting the crypto, and some were linked to Indian exchanges such as CoinDCX, WazirX and Unocoin. The hackers posted videos asking people to invest money in cryptocurrencies. A link to a wallet was added to the description section of the video.
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