Понедельник, 28 Мая, 2018

Delhi-based crypto exchange report theft of over Rs

Benchmark yield rose 16 basis points to 7.54% at the close on Wednesday. It has risen 41 basis points in four days erasing most of 50-basis point drop in five days through 5 April Bitcoins worth Rs 20 crore stolen in India's biggest e-heist
Sammy Stanley | 14 Апреля, 2018, 12:23

The CEO of the bitcoin exchange, Mohit Kalra, has accused his Chief Strategy Officer (CSO) of stealing 438 Bitcoin from the operator's main wallet.

"Our chief strategist officer (CSO) Dr. Amitabh Saxena was extracting BTG and he claims that the funds have been lost in the process during the extraction of the private keys", the statement read. "Doc comes with an extremely strong understanding of the crypto space and has a lot of ideas and implementations that he will be bringing to Coinsecure", the exchange said at the time, pointing to his scientific research articles on the blockchain space.

The FIR also asks the police to confiscate Saxena's passport, saying, "he might fly out of the country soon". "Our system itself has never been compromised or hacked, and the current issue points towards losses caused by an exercise to extract bitcoins to distribute to our customers".

Indian bitcoin exchange Coinsecure has denounced its chief strategist officer (CSO) Dr. Amitabh Saxena for siphoning off 438 bitcoins, equating to $3.4 million Dollars, from the company's primary wallet.

Since the theft, the company's website has been shut and the following message been posted: "We regret to inform you that our bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control".

Coinsecure, the Delhi-based cryptocurrency exchange, has filed an FIR with the cyber cell accusing its CSO, Amitabh Saxena, of siphoning off the money from the firm's wallet, ET's Nilesh Christopher reported. Just a week back, Surrey Police arrested Gabriele Pearson, an IT professional, who misemployed his position at his company to steal $70,000 worth of Bitcoin.

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According to the TOI report, cyber security experts said that the private keys - the password that is kept by the company is never connected to an online system.

"Dr. Amitabh Saxena appointed barely 6 months ago has the private key to Coinsecure's wallet?! Dr Amitabh Saxena also has an Indian passport and he might fly out of the country soon, therefore, his passport should be seized so he can not fly out of the country". A private key is a sophisticated form of cryptography that allows a user to access one's cryptocurrency.

"We are running a Bitcoin Exchange platform where the users can buy and sell bitcoins using Indian currency".

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