Techie 'steals Rs 56 cr worth of cryptocurrency' from B'luru-based cryptocurrency management company
Bengaluru: Karnataka’s Criminal Investigation Department (CID) recently arrested a tech nerd, who was on the run for two years, on charges of cryptocurrency fraud. However, a court has released him on bail.
The accused, Shubhang Jain, a native of Haryana, allegedly stole Rs 56 crore worth of cryptocurrency while working as a software developer at Cipher Technologies, headquartered in Rajajinagar in Bengaluru, between May 2021 and April 2022, as reported by Deccan Herald.
CID sources revealed to the publication that Jain’s role dealt with market analyst and finance, providing him with access to the private crypto wallets owned by the company. The stolen assets reportedly included Bitcoin, Binance, and Tether.
In April 2022, Cipher Technologies found the cryptocurrency theft during an audit and filed a complaint at a police station. The case was then transferred to the CID.
An officer told DH that tracking Jain was highly challenging as he hardly stayed in one place and did not have a fixed phone number. Known for staying only in luxury hotels and living lavishly, Jain was eventually tracked down in Navi Mumbai.
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Second PUC results: Life convict clears exam with distinction, DGP lauds effort
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Bengaluru: A life convict lodged in Ballari Central Prison has successfully cleared the second PUC examination.
Ashok Kumar S, who appeared for the examination under prison escort, secured 481 marks out of 600, registering 80.1 percent.
Director General of Police (Prisons and Correctional Services), Alok Kumar (IPS), shared the development on his official ‘X’ handle, commending the inmate’s achievement.
In his post, he stated that it was heartening to see a life convict score over 80 percent in the examination, adding that the inmate had appeared from Ballari Central Prison under escort.
It’s heartening to see that one of our life convict prisoners Ashok has obtained 80.1% marks in PUC exam. He appeared under Prison escort from Ballari Central Prison for his exams.
— alok kumar (@alokkumar6994) April 9, 2026
Glad to see that Walls of the prison has not subdued his hopes for a better future. pic.twitter.com/Nzlcy076SR
He further noted that the achievement reflected that the “walls of the prison have not subdued his hopes for a better future.”
Alok Kumar in his post also shared the result sheet of Ashok.
The Karnataka School Examination and Assessment Board (KSEAB) declared the second PUC results for 2026 on April 9.
A total of 6,32,200 students appeared for the examination across all streams, of whom 5,46,698 passed, recording an overall pass percentage of 86.48 per cent.
