Coinsecure Hacked – 438 Bitcoins Stolen From Indian Bitcoin Exchange

India’s leading Bitcoin exchange Coinsecure hacked on 9th April 2018. 438 Bitcoins worth INR.19 Crore(190 Million Rupees) have been stolen from Indian cryptocurrency exchange Coinsecure.

Coinsecure was one of the leading names in Indian cryptocurrency exchanges. The exchange has put out an official notice on their website which details the incident.

The Coinsecure website claims that since the funds have been siphoned off to another wallet address, it is beyond their control now. 9th April 2018 the company has filed FIR with the Cyber Crime Department of Delhi . Company has uploaded a copy of the FIR on their official website . Investigations have already begun on the case.

As per the FIR filed by the Coinsecure, only two person have access to the private keys to their Bitcoin wallet, the CSO Mr. Amitabh Saxena and the CEO Mr. Mohit Kalra. The company claims that on the 9th of April, their CSO contacted them stating that the funds have been stolen due to an attack.

As per FIR, explanation that they got from Mr. Saxena does not seem convincing  and they feel  CSO Mr. Amitabh Saxena making a false story to divert company attention.  The company has also informed the cyber cell that Mr. Saxena holds and Indian passport and may abscond.

Coinsecure has also informed all their users by e-mails and apologizing for this incident and have asked for their support.

New Delhi based Coinsecure was one of the trusted names in the Indian cryptocurrency markets. Thousands of users were actively trading Bitcoins using the platform and they were even working on adding multi-coin support. The exchange recently launched applications for Android and iOS operating systems. However, following this incident, the future of Coinsecure hangs in the balance. Stay tuned with us for more updates on the story as it develops.

coinsecure website home page showing notice on official website
Screenshot taken at 13 April 2018 at 3:00 am (Indian time)

Coinsecure was one of the trusted names in the Indian cryptocurrency markets which is based in New Delhi.  Many  users were actively trading Bitcoins on Coinsecure trading platform. Company was working on adding multi-coin support. Coinsecure recently launched mobile applications for Android and iOS operating systems.


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