India’s largest crypto exchange CoinDCX hacked, breach limited to internal wallet
The report came shortly after on-chain investigator ZachXBT and blockchain security firm Cyvers Alerts identified suspicious fund movements that occurred roughly 17 hours before the exchange’s announcement
CoinDCX, one of India’s largest crypto exchanges, reported Saturday that one of its internal wallets had been compromised.
The report came shortly after on-chain investigator ZachXBT and blockchain security firm Cyvers Alerts identified suspicious fund movements that occurred roughly 17 hours before the exchange’s announcement.
Gupta assured that customer funds remain secure in cold wallet storage, with all trading activities and Indian rupee withdrawals continuing to operate normally. The exchange will absorb the losses through its treasury reserves, ensuring no impact on user balances.
