Wahoo! Coinsecure India Down After $3 Million in Bitcoin Missing  

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In what appears to be an attempt to test their ability to distribute Bitcoin Gold (BTG), a Coinsecure weakness was apparently exposed, and over 3 million dollars worth of bitcoin were stolen as a result. The large crypto exchange based in India filed a First Information Report (FIR) with police, alleging their own Chief Scientific Officer to be responsible. 

Coinsecure Hacked for Over 438 Bitcoin

Secure Bitcoin Traders Pvt Ltd, Coinsecure’s parent company, filed the FIR just days ago, explaining how “user funds are securely kepts in our bitcoin wallet, who’s private keys are kept with Dr. Amitabh Saxena, CSO and Mr. Mohit Kaira, CEO at Coinsecure.in.” Interestingly, it was Mr. Mohit Kaira who filed the FIR.

“On April 9th,” Mr. Kaira continued, “we were informed by our CSO […] that 438.318 were stolen from our company’s bitcoin wallet due to some attack. As the private keys were kept with Dr. Amitabh Saxena, we feel that he is making a false story to divert our attention and he might have a role to play in this entire incident.”

Coinsecure India Down After $3 Million in Bitcoin Missing

Just two days ago Coinsecure alerted users shortly after filing the FIR, “In continuation of our backend updates, we request all users to stop depositing [bitcoin core] into Coinsecure’s addresses with immediate effect until further notice. We are currently working on a solution and will keep you updated when we are ready,” its website read.........

Source:  https://news.bitcoin.com/coinsecure-india-down-after-3-million-in-bitcoin-missing/

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Posted : 13/04/2018 9:14 am

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