Indian crypto exchange Coinsecure hacked for $3M

posted 11 months ago
Coinsecure, an Indian cryptocurrency exchange, said nearly $3M were stolen from its Bitcoin wallet, the biggest reported so far in the country’s digital currency market.

Coinsecure, which has over 200,000 users trading on its platform daily, said that around 438 Bitcoins, which were stored in a password-protected virtual wallet were siphoned off to an unknown destination on the internet after the details were leaked online.

“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,” the company said in a statement posted on its website.

Coinsecure said it would compensate customers for losses from its existing funds.
Tags: bitcoin, news