Cryptocurrency is a very volatile arena, you never know what’s going to happen whether if it’s about the market conditions or security of your assets.
Coinsecure, an Indian cryptocurrency exchange which was hacked by its own CSO Dr. Amitabh Saxena on 9th of April this year is finally addressing the refund claims of its users.
Apparently, their CSO robbed 438 BTC which amounted to somewhere around Rs. 20 Crores that time. (Read the Full Story here)
The refund process got delayed by almost three weeks, as it was about to begin on 21st April.
Coinsecure had sent an e-mail to all its affected users asking them to send their claims along with other necessary documents regarding KYC and taxes which needs to be submitted physically and not through e-mail or any other digital way.
Coinsecure has made it clear that the claims will be settled in INR and the prices for the Bitcoins will be Rs. 4,37,000 per BTC (as per the rates on 9th of April).
However, many users might be disappointed as the current BTC price in INR is around Rs. 5,55,000 which means that even after the claimed amount is transferred to a users’ bank account he/she will still suffer a loss of around Rs. 1,18,000 per BTC.
HOW TO FILE YOUR COINSECURE CLAIM?
For filling in the claims, the users’ will need to take a print out of the “Settlement and Release Agreement” which will be available for download in their app and site, which had been re-opened after being down for many days following the hack.
Fill up the pages with proper details and put your signatures wherever required, with the following documents attached:
A Copy of your Aadhaar Card (both front and back sides)
A Copy of your PAN Card
A Cancelled cheque
Last year’s ITR form (Form V)
The last date of submitting the claims is till 3oth of June 2018.
Coinsecure has decided to settle all the claims by then so the documents must reach them before 3oth of June.
Note: The documents should be sent only through speed post and no other way of submission will be entertained.
Don’t keep on waiting now quickly go and fill up your claims, also let other victims know about the update
For more crypto news and updates do follow us on Facebook.