Indian Bitcoin Exchange, Coinsecure Hacked Worth $3 million Gone

New Delhi :-In a notice to its users, Coinsecure confirmed the rumors yesterday and said that their Bitcoin offline wallets were hacked and hackers siphoned off with 438 BTC worth ~$3 million.

Although the letter claims that there was never a hack, latest developments breaking out of Delhi reveal, that the private keys to the offline wallets were leaked online and the hackers siphoned with the BTC leaving no trace of the hack or transfer of Bitcoins.

Coinsecure Official Statement

Although users of Coinsecure were frustrated, the letter clearly stated that all victims of the hack will be compensated irrespective of the stolen funds being recovered. The police complaint accuses an insider, Dr. Amitabh Saxena as the key perpetrator in the incident.

Police Complaint Copy

Delhi Police Cyber Cell has registered a case was under IPC sections and Section 66 of the IT Act. The latest developments reveal that the hacker[s] deleted all the history related to the affected wallets. The missing data logs could have revealed the where the stolen Bitcoin was transferred.

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Written by DI

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