Quote from: Termin4tor on April 16, 2018, 04:43:55 PM

Quote from: edgycorner on April 13, 2018, 11:59:54 AM

You can find the details on their website: https://coinsecure.in
http://archive.is/AZnGe

This hack came just after the ban on cryptos by the central bank.Coincidence?
They are blaming their CSO for this.A single person holding all the coins doesn't seems to be ethical at all.People trusted them with their hard earned money.

UID of the CSO(who was holding the coins) https://bitcointalk.org/index.php?action=profile;u=72118
UID of the CTO https://bitcointalk.org/index.php?action=profile;u=66510
According to his reply on my previous thread, he seems to have no connection with the hack; https://bitcointalk.org/index.php?topic=3310743.msg34568316#msg34568316
If you aren't going to answer HOW & WHEN then those are just shallow promises.The website isn't accessible at all, with no ETA.

Bitcoin already has a bad name in India, this will only make things worse.
I am expecting 3000+ user's with active balance, who are stuck with their money.Majority of the user's are neophytes.So, probably most of them are unaware of bitcointalk.

Quote from: Legion13 on April 16, 2018, 04:59:26 PM

Quote

The good news is that they are atleast going to refund the money in rupees which I suppose would be a great relief for their customers.

Exactly. Its good to see Coinsecure taking this on them to assure a refund unlike other hacks for example 'Shitgrail' where the main guy from the exchange started blaming the developers and problem with nodes.

And to the people demanding a full refund in BTC, I am sorry for your loss. But be happy you are getting at least your money back.

The good news is that they are atleast going to refund the money in rupees which I suppose would be a great relief for their customers. They are also giving a bounty of 10% of the hacked funds, if someone is able to recover the hacker money. Hope the police are doing a deep background check on the employees and the owners of this company to identify who stole the money.

Please read OP .
They promise to refund, 10% in BTC and 90% in INR at rate of 9th April 2018.
As you can see BTC price is up over 25% from price of 9th April. Who will pay loss >25% on 90% of users BTC held at Coinsecure.
Like i have about 0.1BTC with coinsecure from the time BTC/INR price was >1000000, my investment ~100000 INR, i was waiting for my price 1000000INR, now if siphoned funds not recovered i will be paid back 0.01BTC and <36000 INR for rest 0.09BTC, so it would be >50% loss to me.
There must be other users bought tens BTC at price >1300000, what will be their loss and who will pay it.

hmm, 25% to 50% loss, good relief!