Coinsecure's search for stolen bitcoins begins, writes to 42 exchanges

Firm ropes in US-based blockchain investigative firm Chainalysis to track the movement

Delhi-based cryptocurrency exchange Coinsecure's search for stolen bitcoins has begun. The firm has written to 42 global exchanges and roped in US-based blockchain investigative firm Chainalysis to track the movement.

Last week, Coinsecure reported to the police 438 bitcoins worth Rs 190 million were siphoned off to an unknown address on the internet, blaming one of its top executives for the heist.

Chief Executive Officer Mohit Kalra told Business Standard almost 90 per cent of the exchange’s bitcoins were stolen, as all the private keys — the password keeping the virtual wallets secure — were shared online. The cryptocurrency exchange had around