CoinDCX Says $44 Million Stolen From Crypto Reserves

Indian cryptocurrency exchange CoinDCX says $44 million was stolen from its reserves in a security breach that did not impact customer funds. The company’s founders disclosed the incident, emphasizing that user assets remain safe and operational services continue without disruption.

The breach targeted the exchange’s hot wallets, which hold a portion of its digital assets for liquidity purposes. CoinDCX says $44 million in reserves were compromised, but assured users that its internal protocols prevented any loss of client holdings.

While the company investigates the attack, it has not released details about how the breach occurred or who may be responsible. CoinDCX stated it is working closely with cybersecurity experts to strengthen its defenses and restore affected assets.

The exchange did not report any interruptions to trading or withdrawals. For more comprehensive coverage and updates on the incident, read the full article at the following link:
https://therecord.media/indian-crypto-dcx-millions-stolen