The Delhi-based cryptocurrency trading platform Coinsecure has officially announced its claims process for customers who were affected by the culprit who stole 438 BTC from exchange this past April. The firm plans to compensate Coinsecure users with Indian rupee as long as they sign an agreement that releases the company from any future liability.
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Coinsecure Announces Compensation Plan for the April 9 Theft Offering Impacted Customers Repayment in Indian Rupee
On April 9 the Indian exchange, Coinsecure, lost approximately 438.31859715 BTC when the funds were stolen from an offline wallet. At the time of the incident, the loss accounted for over $3Mn USD worth of bitcoins and 11,000 Coinsecure customers were affected. Moreover, after the theft Coinsecure accused the company’s chief scientist Dr. Amitabh Saxena in playing a role in the heist when he was processing Bitcoin Gold (BTG) extractions. Following the investigation details, the company announced on April 14 that it had devised a repayment plan and revealed a bounty worth 20 million rupees ($300,000 USD) if someone helped recover the stolen BTC.
On Tuesday, June 26 Coinsecure has revealed it will be compensating its customers that were impacted by the theft on April 8. However, the process comes with a catch. Affected users must file a claim and provide a valid signature that absolves the exchange of any future liability. Furthermore, these customers have to provide identification and deliver the documents by the end of this week.
“We are happy to inform you that we have started the process of compensating our customers in Indian rupees, ex gratia, for the loss of their bitcoins in the attack that occurred on April 9, 2018,” explains the
