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Bitcoins Worth Rs. 20 Crores Stolen In India

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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.

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Elon Musk Bans Hashtags from X Ads, Ushering in a New Era of AI-Driven Marketing

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Elon Musk has announced that, starting June 27, 2025, hashtags will be banned from all promoted posts on X (formerly Twitter). This policy applies exclusively to paid advertisements, meaning regular users can still include hashtags in their personal posts. Musk described hashtags in ads as an “esthetic nightmare,” emphasizing that the change is intended to create a cleaner, less cluttered feed where advertisements blend more seamlessly with organic content. 

The ban reflects Musk’s long-standing criticism of hashtags, which he has called “ugly” and unnecessary. He argues that with the platform’s advanced AI tools, such as the Grok chatbot, hashtags are no longer essential for content discovery or categorization. Instead, X’s algorithms can now surface and organize relevant content and ads without relying on manual tags, signaling a broader industry shift toward AI-driven content curation.

For advertisers, this marks a significant departure from traditional social media marketing strategies, where hashtags have been key for engagement and campaign tracking. Brands will now need to adapt by focusing on compelling visuals, concise copy, and leveraging X’s AI-powered targeting. The move has sparked debate among marketers and users, with some supporting the cleaner look and others lamenting the loss of a familiar engagement tool.

 

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Amazon’s entry into the $15 billion Indian diagnostics market signals a major shift in the country’s health-tech landscape, introducing new competition for established diagnostic players. Rather than competing solely on price, Amazon is prioritizing a seamless, trustworthy experience, aiming to address the growing demand for digital healthcare solutions and simplify access for millions of users across India.

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Bhavish Aggarwal’s Krutrim Unveils ‘Kruti’ — An Agentic AI Built for Bharat

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Bengaluru, June 2025 – Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has launched its new agentic AI assistant, Kruti. Unlike traditional virtual assistants, Kruti is designed with an Indian-first approach — combining cultural context, multilingual capabilities, and generative AI to offer a more intuitive, task-oriented experience for users.

Kruti is built to do more than just respond to queries — it can independently perform tasks, make decisions, and integrate across platforms for productivity and communication. Powered by Krutrim’s proprietary Indian-trained language model, it brings a deep understanding of local languages and digital behaviors, catering to both personal and business needs in the Indian ecosystem.

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