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CoinSecure : $3 Million missing in BTC deposits

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Secure Bitcoin Traders Pvt Ltd, Coinsecure’s parent organization, documented the FIR days prior, clarifying how “user funds are securely kepts in our bitcoin wallet, who’s private keys are kept with Dr. Amitabh Saxena, CSO and Mr. Mohit Kaira, CEO at Coinsecure.in.”Interestingly, it was Mr. Mohit Kaira who documented the FIR.

“On April 9th,” Mr. Kaira proceeeded, “we were informed by our CSO […] that 438.318 were stolen from our company’s bitcoin wallet due to some attack. As the private keys were kept with Dr. Amitabh Saxena, we feel that he is making a false story to divert our attention and he might have a role to play in this entire incident.”

Only two days prior to this, Coinsecure alarmed clients, “In continuation of our backend refreshes, we ask for all clients to quit storing [bitcoin core] into Coinsecure’s addresses with immediate effect until notice. We are, as of now, working on a solution and will keep you aprised when we are prepared,” its site read.

“The incident reported by Dr. Amitabh Saxena does not seem convincing to us,” the FIR goes on, reminding police, “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. Therefore, we request you to kindly investigate into the matter as soon as possible.”

Clearly, Coinsecure believes this to be an inside activity, one of theft. Their first proclamation on the web, be that as it may, was fairly less candid than the FIR. On 12 April 2018 the exchange declared, “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. Our system itself has never been compromised or hacked, and the current issue points towards losses caused during an exercise to extract BTG to distribute to our customers.”

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