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Coinsecure May Refund in Rupees, Not Bitcoin After $3.4 Million Heist

Annaliese Milano
Updated
Victims of the $3 million theft at bitcoin exchange Coinsecure will receive a refund on their stolen funds, but it may not be in BTC.

Bitcoin Exchange Implicates Employee In $3 Million Theft

"Through the course of the investigation, should we be able to recover all of our BTC, all our customers' BTC holdings will be refunded as per the balance they held with Coinsecure. However, if recovery of siphoned BTC is not possible, then we will apply the lock in rates as of the 9th of April, 2018. 10% of the coin holding balance will be refunded in BTC and 90% will be returned in [Indian rupees]."

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