$3.5M Worth BTC Stolen From Coinsecure Exchange

CEO of exchange believes that it was the inside job and suspects the CSO of the company
13 April 2018   801

The CEO of the Indian cryptoexchange Coinsecure, accused the head of the security department of his company of stealing 438 bitcoins or about $ 3.5 million at today's rate.

Coinsecure reported the incident on its website, laying out 2 images on the main page. The first image represents a message from the exchange team, the second is a scanned copy of a statement that CEO Coinsecure Mohit Carla sent to the police in New Delhi.

Our system itself has never been compromised or hacked, and the current issue points towards losses caused during an exercise to extract BTG [Bitcoin Gold] to distribute to our customers. Our CSO, Dr. Amitabh Saxena, was extracting BTG and he claims that funds have been lost in the process during the extraction of the private keys.

Coinsecure Team

According to the second statement, Saxena told the team that the funds were stolen from the bitcoin wallet of the company.

However, the head of the exchange does not believe the words of his subordinate, which he indicated in a statement sent to the police.

Saxena is "making a false story to divert [his] attention and might have a role to play in this entire incident," Karla said.

The CEO demands that the police seize Saxena's passport, because he believes that his employee "might fly out of the country soon".

Carla founded Coinsecure in 2014. According to him, only he and Saxena had access to private keys from the main wallet of the exchange.

$60M Stolen From Zaif Exchange

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchang
20 September 2018   270

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto-exchange Zaif, Cointelegraph reports.

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchange, as well as 2.2 billion yen, which was the company's assets. Thus, the total loss of Zaif amounted to 6.7 billion yen or about $ 59.7 million.

Tech Bureau Inc, which is the operator of Zaif, in a press release says that it found a server error on September 17, after which the input / output of funds on the exchange was suspended. September 18, the company realized that the error was caused by a hacker attack, and reported the incident to the Financial Services Agency of Japan. Hackers stole 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help to partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau agreed with Fisco to dismiss more than half of its directors and corporate auditors, and Fisco in turn will become its main shareholder.

Earlier this year, Zaif already recognized the existence of a "system malfunction", using which, the clients of the exchange were temporarily able to credit trillions of dollars in their accounts with bitcoins.