RATE Group | Indian Exchange Postpones Repaying Stolen Bitcoins – No Permission From Authorities
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Indian Exchange Postpones Repaying Stolen Bitcoins – No Permission From Authorities

Indian Exchange Postpones Repaying Stolen Bitcoins – No Permission From Authorities

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Indian Exchange Postpones Repaying Stolen Bitcoins - No Permission From Authorities



Exchanges

India’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Repayment Delayed

Indian Exchange Postpones Repaying Stolen Bitcoins - No Permission From AuthoritiesIndian exchange Coinsecure has updated users regarding the disbursement of funds due to stolen bitcoins. The exchange previously confirmed that 438.31859715 BTC were stolen on April 8, worth approximately Rs 20 crore or US$3,067,220.

The exchange revealed on April 21 that it had started working on the claims process. “We are hoping that by the following weekend…

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