Biggest Bitcoin theft of Indian history so far
NEW DELHI - One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some Rs 19 crore ($3 million), allegedly due to a rogue employee.
An official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims the funds were lost in the process, parent company Secure Bitcoin Traders Pvt. said in a statement posted on Coinsecure’s website late Thursday. The system wasn’t hacked or compromised, it said.
“Our Bitcoin funds have been exposed and seemed to have been siphoned out to an address that is outside our control,” the company said. The firm is working toward recovering the money and “we reassure all our customers that you will be indemnified from our personal funds,” it said.