Sure,that certainly seems insightful.Cross Quoting it here as well
Dr. Amitabh Saxena was appointed as Coinsecure CSO in Sept, 2017.
Dr. Amitabh Saxena has immense experience including a stint as a professor of Computer Science in Australia for several years. He has also worked with giants such as Hewlett Packard and Accenture.
https://www.cryptoninjas.net/2017/09/24/dr-amitabh-saxena-appointed-c-s-o-bitcoin-exchange-coinsecure/.
How is it possible that such experienced person can make mistake like this while dealing with 438.31BTC which is worth about $3.8million?
9th April, 2018 - Coinsecure update on webpage says 438.31859715 BTC siphoned out to BTC Address 1BaEJquitskdXcTj53Uy6PuUtJ5a8ETWpA between 12:35 AM IST - 06:29 AM IST.
In fact 438.31859715 BTC was moved to above mentioned address between 2018-04-08 19:05:07 - 2018-04-09 00:40:50, please verify here
https://blockchain.info/address/1BaEJquitskdXcTj53Uy6PuUtJ5a8ETWpA .
Some of Coinsecure's lost BTC funds are currently in addresses below.
1BaEJquitskdXcTj53Uy6PuUtJ5a8ETWpA 139.42094629 BTC
1EL6w4XM7MVXJocdKbUprQszDkV87EQHeZ 9.44412409 BTC
3QmzSdCoPNQqpFmyyDFpMqWiTdLFrvLXfx 1.10477778 BTC
38GGuZBJD23uav4o2Urzqo3ZNkKUjr5xx3 12.49789000 BTC
19984XPvZux8bEdW4SBPmknevWZauamCnG 65.17902000 BTC
38RKQE1Mx9cmhB5j1xbMhmJLudANouWD5C 6.62085686 BTC
Coinsecure update-2 Friday, 13.04.2018 stating BTC funds siphoned, complaint reported to cyber cell Delhi and they are working with invetigation authorities.
No BTC funds are transfered out of address 1BaEJquitskdXcTj53Uy6PuUtJ5a8ETWpA after 2018-04-13 08:46:22.
Why Coinsecure don't updates more details about exactly what happened?
Was this happened before insertion of private key or after insertion?
What wallet was used for BTG fork coins?
1.Inside Job ? I'm surprised Benson Samuel didn't care to give an update on bitcointalk yet.Makes it seem like he took the moderator status for granted.
2.There's a lot more to it.
- Which wallet was used to store or fork the coins from ?
- How was the server accessed ?
- How many members from among the team had access to these wallets ?
- How did the keys get compromised ?