The opposition party Indian National Congress has accused the ruling party, Bhartiya Janata Party of a multi crore scam involving Bitcoin. The party has dubbed it as the ‘Mega Bitcoin Scam’. Giving details, Congress spokesperson Shaktisinh Gohil claimed that BJP used demonetisation to allow conversion of Black money to Bitcoin.
Update: Mohit Kalra, CEO of Coinsecure has now confirmed to Coin Crunch that Amitabh Saxena was arrested. The story has been updated accordingly. On Saturday, news reports about the arrest of Amitabh Saxena, the CSO of Coinsecure exchange spread across the community. The first one to report was Times of India
While the cryptocurrency world battles to be back on the side of the green, atleast three cryptocurrencies suffered a 51% attack in one week. Privacy centric coin Verge (XVG) lost coins worth $1.75 Million. Japanese Cryptocurrency Monacoin lost $90000 in a selfish mining attack. The last and the worst attack
Update : We have received an official response from IDFC Bank that the bank account of BuyBitcoin was closed on Customer request. The future of cryptocurrency trading in India looms under dark clouds under RBI’s Banking Ban. Banks are slowly closing their ties with the crypto exchanges in India. Something
On April 12, 2018 one of India’s oldest Cryptocurrency exchange Coinsecure announced the loss of 438 BTC, worth 19 Crore INR at the time. Today it wil be worth 26 Crores. The exchange suspected their CSO Amitabh Saxena of siphoning the Bitcoin. 2 weeks later, Coinsecure is getting ready to
On March 21, 2018 Ajay (Name changed) started reaching out to telegram groups to find an emergency contact number of Koinex – The Crypto Asset exchange. He claimed his account was hacked. Ajay set out to reach Koinex’s Lower Parel office after his telegram efforts went in vain. Ajay’s version
Earlier we reported that a user Ashish (name changed) was a victim of an email scam. He received an email from an account firstname.lastname@example.org to transfer 6900 XRP tokens. Of which he transferred 4962 XRP tokens. We determined that the scammer is an employee of Bitbns exchange and promptly informed