Coinsecure, an Indian cryptocurrency exchange, said almost $3 million was stolen from its bitcoin wallet, the biggest reported so far in the country’s fledgling virtual currency market.
In a statement posted to its website Thursday, Chief Security Officer Amitabh Saxena was obtaining a cryptocurrency known as bitcoin gold in order to assign it to customers . But Coinsecure demanded the funds were lost in the method.
The company has started a charge with the Cyber Cell in Delhi and is also leading an inquiry with the help of cybersecurity experts. Though, a survey at the police complaint points to an inside job as the company’s director Mohit Kalra stated in the complaint that:
Consequently, in Asia, Vietnam and South Korea have also suffered millions of money worth of fraud and stealing in unusual of the cryptocurrency exchanges. Shortly this year, one of Japan’s cryptocurrency exchanges was hit by a daring $530 million theft of digital money.