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India: Coinsecure [Finally] Reveals Compensation Process for $3 Million Bitcoin Theft

India: coinsecure [finally] reveals compensation process for $3 million bitcoin theft

India: Coinsecure [Finally] Reveals Compensation Process for $3 Million Bitcoin Theft


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After delays, Indian cryptocurrency exchange Coinsecure outlined its compensation process for customers impacted by the theft of 438 bitcoins in April, worth approximately $3 million at the time.

In an announcement on its website on Tuesday, Delhi-based cryptocurrency exchange Coinsecure revealed it will begin processing customer claims for compensation in rupees, India’s fiat currency. Customers who were affected by the early April heist ware required to sign an agreement that, controversially, absolves the exchange operator of any future inabilities and turned in physically to Coinsecure’s office before June 30th, 2019.

“Please note that the last date for submitting claims to us along with all appropriate documents is June 30, 2018,” Coinsecure wrote, giving its nationwide customers fewer than five working days to submit their claims alongside KYC documents.

The exchange added:

We will not entertain any claims received after June 30, 2018 and we shall have no liability towards any users who try to submit claims after the said date.

Coinsecure did not reveal any details of an investigation into the theft, which it alleges to be an insider job by its ‘chief scientific officer’ who, at the time, possessed the private keys of the exchange’s wallet containing customers’ bitcoin holdings.

Within days of the theft, Coinsecure offered a 10% bounty to information leading to the recovery of the stolen bitcoin. In a promise to refund its customers, Coinsecure said it would return the siphoned bitcoin if it were successful in recovering the stolen coins. If it failed to re-possess the bitcoin, the exchange operator revealed it would refund 10% of the stolen account balance in bitcoin and the remaining 90% in Indian rupees.

“[W]e 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 INR [Indian rupees],” Coinsecure said at the time.

bitcoin was trading near $6,850 per coin on the same day, so customers could stand to profit through their compensation claims if current prices remain under that figure this week. At press time, bitcoin is trading at $6,200.

Coinsecure Claims by CCN on Scribd

Featured image from Shutterstock.

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India: coinsecure [finally] reveals compensation process for $3 million bitcoin theft

Published at Tue, 26 Jun 2018 12:18:24 +0000

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Entertaining In a Hurry with Gourmet Snacks

Spontaneity is a good thing, but sometimes trying to accomplish something on the spur of the moment proves to be a challenge. When you’re expecting last minute guests, or putting together a just-planned party, one great trick to have up your sleeve is having plenty of gourmet snacks on hand.

With little or no time to plan, shop, or cook, knowing that there are some tasty tidbits ready to go in your home is a big stress reliever. There are a lot of packaged items that people often keep in their pantry. If you want to be able to impress your guests, make sure that some of those items aren’t boring or expected. Gourmet snacks, cheese snacks, and nuts become more interesting if they aren’t the kind you see on the shelves everywhere, or eat frequently.

Consider stocking up on the following items:

Cheese snacks: Forget plain crackers. No need to keep fresh cheese on hand. This type of cracker item provides it’s own cheesy flavor. They are great on their own or perfect for toppings, which leads us to the next item to have ready.

Gourmet spreads: Spreads that are in a jar have a long shelf life. Pop them open when you have only moments, and it’s a flavorful departure from mundane. They go great with cheese snacks, but are also good on breads. Look for sun-dried tomato spread, olive tapenade, mushroom spreads, or even roasted red pepper topping.

Nuts: Think beyond peanuts. Cans of wasabi almonds, honeyed cashews, or even exotic mixes are gourmet snacks that make for quick and easy finger food.

Dried Fruit: On their own, dried fruits are little more than a healthy nibble. Mix them with nuts, or use them on a cream-cheese spread and you have some easy appetizers to pull out at the last minute. Serve dried cranberries or figs and suddenly the cracker and cheese spread combo has gone gourmet!

While a last minute event may not have the same pizzazz as one you’ve planned for weeks in advance, it is possible to entertain without potato chips and onion dip. Making sure your home is supplied with some gourmet snacks makes entertaining easier. It can also help keep people from starving when you do want to take time to prepare a more elaborate dish.

Saving time and effort with easy finger food can make the thought of spontaneous entertaining seem a little less intimidating.

The post Entertaining In a Hurry with Gourmet Snacks appeared first on Mokey International.