Major indian exchange gets hacked, 438 bitcoins stolen COINSECURE - page 4.

allahabadi

full member

Activity: 952

Merit: 166

I think we need a DT to paint him, unless he proves it otherwise.

Quote from: eaLiTy on April 14, 2018, 10:12:18 AM

Quote from: theymos on April 13, 2018, 02:21:34 PM

Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.

The private keys were held by CSO Amitabh Saxena and the company has filed a case against him[1], his response to the way in which the funds are hacked are just flimsy and i do not think Benson has anything to do with the loss[2] and the company has ensured that they will be crediting[3] its users, it is a really unfortunate situation and with him being removed as the moderator i hope the local board wont be a junkyard[4].

[1] This is the version of the CEO; we haven't heard from Amitabh Saxena yet.

[2] Speculation, it's as good as saying that I believe that even he is complicit.

[3] It's their stated intention; not ensured or guaranteed in any manner. Unless they do so; I have my doubts. Also they just made a strong case against the growth of BTC in a suspicious environment. This is definitely a dent in the mass adoption of cryptos in India.

[4] It already is.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: theymos on April 13, 2018, 02:21:34 PM

Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.

The private keys were held by CSO Amitabh Saxena and the company has filed a case against him, his response to the way in which the funds are hacked are just flimsy and i do not think Benson has anything to do with the loss and the company has ensured that they will be crediting its users, it is a really unfortunate situation and with him being removed as the moderator i hope the local board wont be a junkyard.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

Quote from: botany on April 14, 2018, 06:49:35 AM

Quote from: theymos on April 13, 2018, 02:21:34 PM

Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.

He probably has his hands full, trying to make sure that the liabilities of the exchange are settled and it is back up and running.
I also do not believe that he would censor criticism (if any) of the exchange.

Pretty sure he wasn't removed from his mod position just for that reason.
We can't be sure whether he was involved or not.What if it was all planned?Until they pay back bitcoins too or the hacker is caught, I won't trust them.

According to the new update, they are only going to let user's withdraw their fiat funds(which was already safe, according to them).

botany

legendary

Activity: 1582

Merit: 1064

Quote from: theymos on April 13, 2018, 02:21:34 PM

Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.

He probably has his hands full, trying to make sure that the liabilities of the exchange are settled and it is back up and running.
I also do not believe that he would censor criticism (if any) of the exchange.

theymos

administrator

Activity: 5222

Merit: 13032

Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

This is a serious case and we need answers !Coinsecure is run by the moderator of the Indian Board on Bitcointalk :Benson Samuel
Lot of Indian twats had their accounts on the exchange and was the only source of crypto storage for them.I don't know the stats yet but soon I shall find out .
This isn't going to turn out good for Indian crypto market.Watching this thread.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Any exchange "hack" is another chink in the growth of btc... And i still know people that use exchanges as wallets, crazy.

Kind of an ironic name for the exchange now eh. Undecided

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

You can find the details on their website: https://coinsecure.in
http://archive.is/AZnGe

This hack came just after the ban on cryptos by the central bank.Coincidence?
They are blaming their CSO for this.A single person holding all the coins doesn't seems to be ethical at all.People trusted them with their hard earned money.

UID of the CSO(who was holding the coins) https://bitcointalksearch.org/user/amitabh-s-72118
UID of the CTO https://bitcointalksearch.org/user/benson-samuel-66510
According to his reply on my previous thread, he seems to have no connection with the hack; https://bitcointalksearch.org/topic/m.34568316
If you aren't going to answer HOW & WHEN then those are just shallow promises.The website isn't accessible at all, with no ETA.

Bitcoin already has a bad name in India, this will only make things worse.
I am expecting 3000+ user's with active balance, who are stuck with their money.Majority of the user's are neophytes.So, probably most of them are unaware of bitcointalk.

Topic: Major indian exchange gets hacked, 438 bitcoins stolen COINSECURE - page 4. (Read 1163 times)