Topic: Coinsecure announces 2 crore reward to recover lost bitcoins (Read 81 times)

What do you think as Coinsecure has made an announcement to reward the user who brings stolen bitcoin on their platform?

And stolen bitcoin has been transferred to several other accounts. It seems impossible to get back those bitcoins, maybe hacker would have already sold.

if such things will be happening, definitely there will be negative spring happening around cryptocurrency domain.


Indian cryptocurrency exchange Coinsecure said it would pay a bounty of Rs. 2 crore to anyone who helps them recover the lost bitcoins.
On April 8, the Indian exchange lost 438.318 bitcoins, approximately Rs 20 crore from a digital wallet that was holding users' funds. Coinsecure promised to use its own funds to reimburse Rs 20 crore to customers who lost their bitcoins.

Some 11,000 customers are said to be affected by the reported theft which is the biggest cryptocurrency theft in India.

The company said it will start returning monies to the affected parties within the next 15 days.

"We will announce the refund process in the next 5-10 days. We are working to get the website back up and allow customers to login and withdraw funds," said Mohit Kalra, chief of bitcoin exchange Coinsecure in an interaction with ET.

On April 10, the exchange filed a complaint with the Delhi Cyber Crime department about the theft of virtual currencies worth 438.318 bitcoins. The police is currently investigating the case.


https://economictimes.indiatimes.com/industry/banking/finance/banking/coinsecure-announces-rs-20-lakh-reward-to-recover-lost-bitcoins-promises-refund-in-15-days/articleshow/63753530.cms