Connect with us

News

Bitcoins Worth Rs. 20 Crores Stolen In India

Published

on

Bitcoins Worth Rs20 Crores Stolen In India,Startup Stories,2018 Latest Business News,Startup News India,India Biggest Crypto Bitcoins,Bitcoins Business News,Largest Cryptocurrency Thefts in India,Biggest Bitcoin Theft,Bitcoins Stolen,Bitcoins Latest News,Indian Cryptocurrency Bitcoins Worth

In what is perhaps one of the largest cryptocurrency thefts in India, almost 438 bitcoins worth Rs. 20 crores were stolen from one of the leading cryptocurrency exchange firms. The wallets of this firm were hacked, leading to a scandal the size of which wasn’t seen before.

Coinsecure, the Delhi based cryptocurrency exchange, filed an FIR with the cyber cell accusing its Central Statistic Officer (CSO,) Amitabh Saxena, of syphoning off money from the firm’s wallet. The exchange firm urged the government to seize Saxena’s passport, fearing he may leave the country. A case has been registered against Saxena, under IPC sections and Section 66 of the IT Act.

The incident was discovered on Monday when the company was going through its wallets. A senior security officer discovered that all the bitcoins stored online had disappeared.  It was later found that the private keys where the password that is kept by the company and is stored offline, were leaked, leading to the hack.

Despite the company’s efforts to trace the hackers, the keys remained missing. All the data logs stored in the wallets were erased, with no trace of the stolen keys anywhere. Furthermore, as a result of the hacking, the company couldn’t find out to which account the bitcoins were transferred.

According to Mohit Karla, the founder and CEO of Coinsecure, the hacking seems to have been an inside job. The private keys, which contained the password, aren’t necessarily stored online. However, the Cyber Police discovered that the private keys were stored online for more than 12 hours, giving the hackers easy access to the cryptocurrencies.

The police have seized the company’s systems in order to make certain the extent of the breach. The officers are also going through the database to see how many wallets have been compromised during the hacking. The senior security officials of the company have also been called in for questioning.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. casino en ligne France

    May 17, 2025 at 5:14 pm

    Hi there to all, how is the whole thing, I think every one is getting more from this website, and your
    views are fastidious in support of new users.

Leave a Reply

Your email address will not be published. Required fields are marked *

Funding

Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

Published

on

My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

Continue Reading

News

Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

Published

on

StartupStories

Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

Continue Reading

News

SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

Published

on

StartupStories

The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

Continue Reading
Advertisement

Recent Posts

Advertisement