Detail Analysis
Date:
Status:
Count:
Contributor:
April 12, 2018
Verified
1
zerofriction.io
Loss Amount:
35,000,000
Recovered Amount:
-
Currency:
Dollars, BTC
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Exchange
Assets
Poor Key Management
Extended Method:
Private key leak, cold wallet
Data Sources:
CoinSecure, an Indian cryptocurrency exchange, lost Bitcoin valuing $3.5 million at the time of the hack. However, it seems like this one was an inside job. The owners of CoinSecure believe their former Chief Security Officer stole the funds. It seems they may have been onto something, as he was later arrested. A failed cold storage restoration exercise seems to have exposed private keys intended for offline storage (effectively making them online). However, the CEO has expressed an insider’s involvement. Police found private keys exposed online for more than 12 hours. Lost of 438 BTC.
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