RATE Group | Indian Police Arrest Woman On Stealing Bitcoin from Indian Exchange’s Hardware Wallet
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Indian Police Arrest Woman On Stealing Bitcoin from Indian Exchange’s Hardware Wallet

21 Mar Indian Police Arrest Woman On Stealing Bitcoin from Indian Exchange’s Hardware Wallet

Posted at 19:42h in Bitcoin News by

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A report from the country’s local media surfaced on the web on March 20, stating that the owner of Indian exchange BitCipher Labs filed a complaint against the woman who stole 64 bitcoins. As a result, the Indian Cyber Crime Police arrested and recovered all the stolen funds.

According to the Times of India, a 26-year old Ayushi Jain was previously working for a country’s own exchange Bitcipher Labs which is situated in Bangalore, the Silicon Valley of India. She had stolen 64 bitcoins which is worth about $430,000 from Bitcipher Labs earlier this year.

Co-founder Ashish Singhal recently discovered that between January 11 and March 11, the large number of bitcoins were transferred through the hardware wallet of the exchange. He then filed a complaint with CID’s cybercrime wing.  Ashish Singhal along with two other co-founders, Vimal Sagar Tiwari and Govind Kumar were holding the wallet and private keys on exchange’s behalf.

Police officer, on the other side, stated that the…

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