US: Bitcoin ATM Firm Coinmen to Sell Bitcoin at Coinstar Coin Counting Machines (13 April 2018, Cointelegraph)

The exchange of Bitcoin (BTC) Coinsecure of India has reported that around 438 BTC (about $ 3.5 million at the time of publication) have been taken from the company's Bitcoin wallet allegedly due to misconduct by a company. employee, according to a press release on April 12 .

The Coinsecure press release describes how the company's CSO, Dr. Amitabh Saxena, claimed that the funds were lost during their extraction of private keys when extracting Bitcoin Gold(BTG). However, Coinsecure adds that they have filed an FIR (formal complaint) with the CyberCrime cell of the Delhi police and requested that Saxena's passport be confiscated, since they believe that their explanation of the loss of funds "does not seem convincing" "

Coinsecure has promised its users that they will be reimbursed for the lost money, regardless of whether the lost funds are recovered. The press release adds that the exchange had been on the "cusp of moving to a multi-currency architecture before this incident".

As the Reserve Bank of India announced last week that they will no longer deal with accounts related to crypto , Karnika Seth, the director of corporate law and cyber practices at Seth Associates, based in Delhi. He told Bloomberg that the "full place of Coinsecure may be affected in this case." Their own authenticity should be scrutinized.

Last week, another story broke out in India regarding a cryptocurrency scam, when the Bhardwaj brothers were arrested for allegedly defrauding clients with about $ 300 million of their alleged Ponzi schemes related to cryptocurrencies.