I read this news here:
http://punemirror.indiatimes.com/pune/cover-story/hackers-siphon-off-funds-from-bom-to-invest-in-bitcoin/articleshow/58350202.cmsIt says:
After analysing the transactions related to misappropriation, the investigation officer had put a debit freeze on the bank account of Zeb IT Services Pvt. Ltd.So, after today, will ZebPay users be able to withdraw INR from their wallet?Moreover, it says:
The BoM has filed an application in the court, demanding strict action against the companies who are involved in Bitcoin business.I am surprised to see that Bank of Maharashtra is blaming Bitcoin for their flaw in designing UPI app! Is not it just finding a scapegoat for own fault? I hope, Zeb IT Services Pvt. Ltd files a defamatory lawsuit against Bank of Maharashtra. I'd also like to know how many accounts of them have been frozen?
I second that.Without fixing their own app they started the blame game.Im looking forward to the govt. to bring up a solid regulation in place.
BoM is saying some bull sh*t things in their statement. First of all the UPI is not a secure app, anyone can hack it with little details about the user, secondly the hackers even used RTGS system for their trick.
Zebpay is doing exactly what they said, all the transactions are logged and it'll be easily tracked. So I guess they'll take out the debit freeze soon from their account.