Coinsecure claims loss of bitcoins worth Rs19 crore
Mumbai: Coinsecure, a bitcoin exchange in India, has announced that it has lost 438.3 Bitcoins worth Rs19 crore belonging to its customers.
“We regret to inform you that our Bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control,” the exchange, run by Secure Bitcoin Traders Pvt. Ltd, said in a message to its customers.
Though the exact number of users impacted by the loss has not been disclosed by the exchange, it said in the statement that all customers at loss will be indemnified from the company’s funds.
Along with the complaint, the company has also put a police complaint it has made to the cyber cell of Delhi police online. The complaint accuses the exchange’s chief scientific officer, Amitabh Saxena of having a role in the incident.
The government as well as the Reserve Bank of India has been cautioning users against trading in crypto-currencies. The RBI had earlier this month barred all its regulated entities from facilitating crypto trading.