Date: 04/02/2024
In light of the recent developments in the ongoing Bitcoin investigation, involving Unocoin Technologies Pvt Ltd founders, Mr. Sathvik V and Mr. Harish B V, we want to clarify their position and assert their commitment to transparency and cooperation.
This article’s title is misleading but the content is apt. We are writing this post as a reply to the same: https://indianexpress.com/article/cities/bangalore/bitcoin-scam-bengaluru-cryptocurrency-exchange-founders-bail-cyber-experts-arrest-9143326/
Unocoin, a trailblazer in the Indian cryptocurrency exchange landscape, has consistently offered expert opinions and custody services in dozens of legal cases. The current investigation centers around the disappearance of 31 Bitcoins initially seized from hacker Srikrishna Ramesh in 2021, with Unocoin’s founders called in to validate these events and to confiscate those bitcoins.
The decision to seek anticipatory bail is a strategic legal move only. It aims to safeguard the founders from potential unwarranted repercussions during the investigation. Mr. Sathvik V and Mr. Harish B V, known for their integrity and expertise, are committed to cooperating fully with officials.
Their proactive stance reflects a genuine desire to contribute to the pursuit of justice while ensuring their rights are protected. The founders remain unwavering in their commitment to accountability, and legality aiding officials in comprehending the intricacies of the case.
Thank you for your understanding.