Srinagar

Jammu and Kashmir's State Investigation Agency (SIA) on Wednesday searched houses of seven persons in connection with a case of terror financing through Bitcoin trading.

These searches were carried out in Baramulla, and Kupwara districts in Kashmir division and Mendhar in Poonch district of Jammu division.

The mastermind is suspected to be in Pakistan who has been sending money to terrorists with active support of Pakistani intelligence agencies and Pakistan-based terrorist outfits.

According to the SIA the identity of the Pakistani mastermind has been comprehensively established, but is not being revealed so that other agents in the loop are not alerted.

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According to reports, loopholes in Bitcoin trading have been effectively exploited to shadow these transfers.