Indian Bitcoin (BTC) exchange Coinsecure has reported that around 438 BTC (around $3.5 mln at press time) have been taken from the company’s Bitcoin wallet allegedly due to misconduct by an employee, according to an April 12 press release.
Coinsecure’s press release describes how the company’s CSO, Dr. Amitabh Saxena, claimed that the funds were lost during his extraction of private keys while extracting Bitcoin Gold (BTG). However, Coinsecure adds that they have filed a FIR (formal complaint) with the Cyber Crime Cell of the Delhi police and asked for Saxena’s passport to be seized, as they feel that his explanation of the funds loss “does not seem convincing”: