NEW DELHI – One of India’s biggest cryptocurrency trading platforms haslost about 438 Bitcoins worth some Rs 19 crore ($3 million), allegedly dueto a rogue employee.

An official at Delhi-based Coinsecure was extracting Bitcoin to distributeto customers and he claims the funds were lost in the process, parentcompany Secure Bitcoin Traders Pvt. said in a statement posted onCoinsecure’s website late Thursday. The system wasn’t hacked orcompromised, it said.

“Our Bitcoin funds have been exposed and seemed to have been siphoned outto an address that is outside our control,” the company said. The firm isworking toward recovering the money and “we reassure all our customers thatyou will be indemnified from our personal funds,” it said.