One of India’s biggest cryptocurrency trading platforms Coinsecure exchange has lost over $3.5 million in Bitcoin (TIKER: BTC.EXANTE) supposedly because of a security breach. The parent company of the trading platform Secure Bitcoin Traders Pvt. said in a statement Coinsecure website.
According to the statement, an official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims the funds were lost in the process.
The company tried to trace the hackers, but found that all the data logs of the affected wallets had been erased, leaving no trails about where the bitcoins were transferred. The website of the company has since then remained shut.
In a written complaint to the Cyber Cell of the Delhi Police Coinsecure mentions the possible involvement of the company’s CSO, Dr. Amitabh Saxena.
“The user funds are securely kept in our bitcoin wallet, whose private keys are kept with Dr. Amitabh Saxena CSO and Mr. Mohit Kalra, CEO at Coinsecure.in. On 9th April 2018, we were informed by our CSO, Dr. Amitabh Saxena, that 438.318 bitcoins were stolen from the company’s bitcoin wallet due to some attack. As private keys are 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,” the complaint reads.
Coinsecure said it is trying to recover the lost funds, but it will reimburse customers from the company's personal funds.
By Anton Lysenkov