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Delhi Police Files Chargesheet Five Months After Biggest Wallet Hack In Coinsecure Cryptocurrency Exchange

The Cyber Cell of the Delhi Police filed a charge sheet, five months after the biggest wallet hack in the Coinsecure cryptocurrency exchange, on September 10. On April 9, 438 bitcoins worth approximate Rs 20 crores were stolen from the exchange.

The exchange reported the hack when all the bitcoins that were stored offline had vanished. It was later revealed that the private keys of users, which were kept by the exchange and stored offline, had been leaked, which resulted in the theft.

Earlier, the teams investigating the Coinsecure cryptocurrency exchange hack had sought the help of Interpol to trace the stolen bitcoins. The cops were able to identify some crypto firms outside the country where the hackers had apparently used the stolen bitcoins, but they did not get any further information.

Anyesh Roy, DCP Cyber Cell, confirmed the developments and said that they reached out to some of the exchange firms from where the bitcoins were routed. Initially, they did not receive any response from them, but now they are in the process of extracting information through a mutual legal assistance treaty.

The treaties that are signed between two or more countries for sharing of information are known as mutual legal assistance treaties. The treaty is used to request and gather evidence for prosecutions and criminal investigations. So far the Cyber Cell has identified five crypto exchange firms and the information gathered from them will be used to create the trail of bitcoin transfers made by the hackers, as mentioned in the Times of India report.

The servers and computers of the Coinsecure cryptocurrency exchange are still being examined. The evidence gathered so far, has confirmed suspicions of the theft being an insider’s job. The exchange has itself pointed fingers at Dr. Amitabh Saxena, its chief security officer, as being responsible for the leak of users’ private keys. The exchange further revealed that Saxena has been extracting Bitcoin Gold, wherein the private keys of the users were also extracted. This led to the loss of funds, as stated in the CoinGeek report.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Jesmine Rahman holds 15+ years of professional writing experience of working with reputed Indian dailies like the Times of India and the Indian Express. She also holds a rich experience of working as a Senior Technical Content Specialist with a reputed IT company. for 10 years. She writes crypto news on OWLT Market.

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