Nearly 438 bitcoins worth over Rs 20 crore were stolen from a top exchange firm in India in what is being billed as the biggest cryptocurrency theft in the country so far.
Coinsecure, the Delhi-based cryptocurrency exchange, has filed an FIR with the cyber cell accusing its CSO, Amitabh Saxena, of siphoning off the money from the firm's wallet, ET's Nilesh Christopher reported. The exchange has urged the government to seize Saxena's passport, fearing that he may leave the country.
What exactly happened?
The exchange, which has over two lakh users across the country, found that all the bitcoins that were stored offline had vanished. It was later found that the private keys — the password that is kept by the company and is stored offline — were leaked online, leading to the hack.
The company tried to trace the hackers, but found that all the data logs of the affected wallets had been erased, leaving no trails about where the bitcoins were transferre ..
What exactly happened?
The exchange, which has over two lakh users across the country, found that all the bitcoins that were stored offline had vanished. It was later found that the private keys — the password that is kept by the company and is stored offline — were leaked online, leading to the hack.
The company tried to trace the hackers, but found that all the data logs of the affected wallets had been erased, leaving no trails about where the bitcoins were transferred.
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https://economictimes.indiatimes.com/industry/banking/finance/banking/bitcoins-worth-rs-20-crore-stolen-from-exchange-in-indias-biggest-crypto-theft/articleshow/63740771.cms