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Administration of Indian Exchange Coinsecure Reports $3.5 Million Theft

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Mr. Mohit Kalra, CEO of Coinsecure, issued an accusation in the direction of the security department of the site in light of the theft of more than 400 BTC (accounting to a sum around $3.5 million). The statement of embezzlement with details of the incident was sent to the law enforcement agencies of New Delhi. “No one tried to hack the system of our exchange, it was not subjected to attack by hackers. The problem with the loss of funds is connected with the Bitcoin Gold hardfork, within the framework of which we distributed tokens among the users of the exchange,” the official statement says.

The Coinsecure manual notes that the head of the security service, Mr. Amitabh Saxena, was responsible for extracting the BTG. On his assurances, the loss of funds occurred during the extraction of private keys, when the site was attacked.

Yet the site management does not agree with this, doubting the reliability of the statement. The administration believes that the story with the attack was invented by Amitabh Saxena in order to divert attention from himself. It is emphasized that no one had access to private keys except the head of the Security Council. The statement also demands that law enforcers should take Mr. Saxena’s passport, thus eliminating the risk of him leaving the country in the near future.

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