Indian Police Allegedly Tampered with Bitcoin Evidence in High-Value Case

An investigation has revealed that Indian police officers may have tampered with evidence relating to a significant cryptocurrency seizure, potentially affecting hundreds of millions of rupees. The case focuses on allegations of misappropriation by former Central Crime Branch officials of 4,000 Bitcoin from a seized wallet. Further complicating the situation is involvement of K.S. Santhosh Kumar, a cyber expert, and Sriki, a hacker known for various cybercrimes. The Special Investigation Team (SIT) utilized forensic evidence to support these allegations and calls for stricter regulations under anti-corruption laws. The incident underscores the challenges in managing digital asset evidence. While the market impact is relatively limited, it raises concerns about potential vulnerabilities in securing crypto custody. Authorities are calling for improved procedures and greater trust in law enforcement regarding digital assets. This case adds weight to ongoing discussions on enhanced transparency and accountability within the sector. Past crypto fraud in India highlights systemic challenges, necessitating stronger evidence chains and robust regulatory frameworks.