Published On: Fri, Apr 13th, 2018

$3.5 Million in Bitcoin Missing From India’s Coinsecure Exchange

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In what may be the biggest virtual currency exchange heist in India to date, 438 bitcoin (BTC), currently worth $3.5 million, have gone missing from Coinsecure, and the exchange thinks an employee has run off with the money.  In a statement posted on the exchange’s website on April 12, 2018, Coinsecure said the exchange was not hacked, but that bitcoin disappeared when bitcoin gold (BTG), a “coin” resulting from a split in the Bitcoin blockchain, was being extracted to distribute to Coinsecure customers. Bitcoin are kept securely in a wallet, the firm said, and only two people, the …

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