Coinsecure disclosed the theft of 438 BTC from its main wallet and said its system had not been compromised, instead linking the loss to a Bitcoin Gold extraction process. The exchange's CEO accused CSO Amitabh Saxena of fabricating a story about an external attack and suggested he may have had a role in the incident. According to the police complaint, only the CEO and Saxena had private keys to the main wallet, making the key-handling process central to the investigation. The theft occurred shortly after India's central bank barred regulated financial institutions from cryptocurrency dealings, during a period of heightened exchange withdrawals and market stress.