Fraud among cryptocurrency investment promoters is widespread, but how do you avoid cryptocurrency scams? The easiest way is just to stay at home and don’t play with your hard-earned cash.

The India-based coin exchange's website, all of the balances held in Indian rupees are secure.

But the 438.318 BTC stolen are currently being tracked and has yet to be recovered. And depending on the outcome of its investigation, those bitcoin-denominated funds may ultimately be paid out in rupees instead.

Following the heist which occurred on April 9 with losses of over $3 million in cryptocurrency, Coinsecure is starting to slowly refund the victims of the attack.

New reports are appearing, showing that Coinsecure is emailing some of its customers to tell them that they can start claiming their money back. This is despite the fact that the Indian cryptocurrency exchange hasn’t posted the update on its website as it usually does.

The last update, posted on April 29, says that authorities are slowing things down and making the compensation process difficult.

On April 9, bitcoin's price closed at $6,773.94. It has since rebounded, meaning that if Coinsecure is unable to salvage the lost bitcoins, users could suffer a more than 17 percent loss (as of press time) in holding value.

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