Bitcoins Worth Rs 12 Lakh Stolen in Surat, Complaint Registered
Bitcoins worth Rs 11.57 lakh were stolen through fraudulent online transaction in Surat.
Bitcoins worth Rs 11.57 lakh were stolen through fraudulent online transaction in Surat.(Photo: AP)

Bitcoins Worth Rs 12 Lakh Stolen in Surat, Complaint Registered

Bitcoins worth Rs 11.57 lakh were stolen through fraudulent online transaction in Surat, reported The Times of India. The complaint of the first case of cryptocurrency theft in Gujarat was registered at Sarthana police station under sections of the Indian Penal Code and Information Technology Act on Tuesday, 6 March, the report said.

After 32-year-old Umesh Jain submitted a screenshot of the transaction and bitcoin address details to police, an unidentified person and user of a specific IP address was booked, according to the report.

It is an uncommon complaint lodged with police. It was registered after preliminary investigation. We will take help of cybercrime cell to investigate the case.
Police to TOI

As per the report, Jain came to know about the theft when he found that an unauthorised person had logged into his gmail account on 19 December. Following suspicious mails from Blockchain in his inbox, he checked that his balance in Blockchain was zero. On checking the value of 1 bitcoin in Bitcoin Exchange for that day, he realised it was Rs11.57 lakh, the reported added.

After coming to know of bitcoins from a friend, Jain claimed he downloaded an application called Blockchain from the Google Play Store. According to The Times of India, Jain invested Rs 9.8 lakh to purchase 1.5 bitcoins in November 2017 by transferring the money to Zebpay Bitcoin wallet. The report says he also gifted 0.50 bitcoin to a friend.

Cyber cell of Surat crime branch assured they have found strong evidence against the perpetrators and that investigations are still underway, the report added.

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