Lex Cyberia

$3 Million Bitcoin Heist Reported by India's Coinsecure (13 April 2018, Bloomberg)

One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee.

An official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims the funds were lost in the process, parent company Secure Bitcoin Traders Pvt. said in a statement posted on Coinsecure’s website late Thursday. The system wasn’t hacked or compromised, it said.