Indian Cryptocurrency Exchange Loses $3.5 Million, Blames Head of Security

Indian cryptocurrency exchange Coinsecure reported last Thursday that it had lost around $3.5 million, blaming the theft on its head of security.

Director Mohit Kalra told authorities that 438.318 bitcoin have gone missing while its Chief Security Officer (CSO) Amitabh Saxena was extracting Bitcoin Gold which was to be distributed to customers. Kalra added that Saxena also kept a copy of the private keys and feared that he might be at flight risk

It is said that the incident marks one of the first major issues on a cryptocurrency exchange in the country.

Source: CNBC

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