Quote from: zuber_amla on April 18, 2018, 08:13:54 PM

Quote from: Real14Hero on April 18, 2018, 11:08:47 AM

Quote from: polynesia on April 13, 2018, 09:57:30 PM

Quote from: Benson Samuel on April 12, 2018, 09:24:25 PM

We still maintain our banking relationships and have never maintained a fractional system on coinsecure, so, all fiat funds were always safe and withdraw-able.

Are you sure that allowing for withdrawal of fiat funds is the right approach to be followed?

Sorry to bring up an extreme scenario - but what happens in the case of a liquidation? All creditors of Coinsecure (i.e. customers) should have equal access to the left over assets. It shouldn't matter whether customers have stored assets in the form of bitcoins or fiat, and what is the form of assets which have been stolen.

The above approach is what has been followed in the case of other hacks - including Bitfinex.

If Coinsecure is able to absorb the loss, then the approach followed really does not matter.

for the fellow users, they'd at this moment be happy enough if they can get funds out in ANY form.

People won't be really concerned about getting INR for their BTC, but question is when will they really get their money and if they ll even get it or not.

I remember going to the print contractor just below coinsecure office where they were getting ads , papers and stuff printed, sad to see what has now happened to the company.
Any chances of bounce back?

I would be happy if i get my funds back in any form either BTC or Fiat (INR), but refund in BTC must be full balance or refund in INR must be at the rate of BTC/INR on the day of refund, not at the rate of 9th April.

My BTC at Coinsecure was since BTC price >1000000INR so if i get refund in INR at current rate then I can buy again BTC from that money and store somewhere else until i get my price.

If they refund 10% of BTC balance in BTC and rest 90% in INR as of rate on 9th April 2018, then it would >60% loss for me.

There must be some Coinsecure users who have bought BTCs at the rate of >1300000INR also, if they get refunded 90% of BTC balance in INR at the rate of 9th April it would be >70% loss to them, i don't think any of Coinsecure users would like to get refunded BTC balance in INR at the rate they have locked.

The decision/idea of refunding back BTC balance in INR at the rate they locked is totally insane, looks like they have pocketed enough money and up to quit business.

Who will use Coinsecure if they make innocent users pay for mistake/scam done by their own?

If Coinsecure wants to stay in Indian Crypto Market, they have to make full refund to the users, else they'll be off the Crypto Game in India.

I Agree my point is also same

samsan

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