Nearly 438 bitcoins worth over Rs 20 crore were stolen from a top exchange firm in India in what is being billed as the biggest cryptocurrency theft in the country so far.Coinsecure, the Delhi-based cryptocurrency exchange, has filed an FIR with the cyber cell accusing its CSO, Amitabh Saxena , of siphoning off the money from the firm's wallet, ET's Nilesh Christopher reported. It is also being checked if more wallets have been compromised. The senior security officials of the company have also been called in for questioning. Cyber security experts said that the private keys – the password that is kept by the company is never connected to an online system. But police found that not only were the private keys online, they were kept like that for more than 12 hours.

Source: Economic Times April 13, 2018 03:22 UTC