The Indian exchange Coinsecure, which lost about $ 3.4 million in bitcoins last week, is ready to compensate users' losses with one reservation.
According to a message on the Coinsecure website, all the tools users kept in Indian rupees are safe. However, 438,138 BTC recovered and failed. If the investigation does not lead to anything, compensation for losses of users can be made in rupees.
Through the course of the investigation, should we be able to recover all of our BTC, all our customers' BTC holdings will be refunded as per the balance they held with Coinsecure. However, if recovery of siphoned BTC is not possible, then we will apply the lock in rates as of the 9th of April, 2018. 10% of the coin holding balance will be refunded in BTC and 90% will be returned in [Indian rupees].
Earlier, CEO of Coinsecure accused the head of the security department in heist and demanded that local police confiscate his passport, fearing that he could leave the country.
On April 9, at the end of the day, the bitcoin price was around $ 6,800, after which it showed positive dynamics and rose by $ 1,500. Thus, if damages are compensated in rupees, Coinsecure users will lose about 17% against the current exchange rate of the crypto currency.
The exchange said it was looking for the missing funds with "global experts and exchanges", and promised to inform users about the successes.