Coinsecure of India Postpones Repayment of Stolen Money

[kreslik.news]

New Delhi-based cryptocurrency exchange Coinsecure, which recently lost $3.5 million worth of Bitcoin in a hack, has informed its customers that they must wait to be reimbursed.

The prime suspect in the case is the chief security officer of the exchange. Amitabh Saxena was actually the one who reported the theft, but his behaviour in attempting to recover the money did not follow protocol. For example, he saved the exchange’s private key in clear text format. In addition to this, Saxena was the only one who had the key to the exchange’s wallet.

CEO Mohit Kalra said: “As the private ... (read more)