$3 Million Bitcoin Heist Reported by India's Coinsecure
- Coinsecure pledges to compensate customers from personal funds
- Recovery may be complicated by India’s crackdown on crypto
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One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($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.