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CoinDCX is a popular cryptocurrency exchange based in India. It allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins. The platform is known for its user-friendly interface, comprehensive security measures, and a wide range of features, such as margin trading, lending, and staking. CoinDCX also emphasizes education, offering resources to help users understand the cryptocurrency market better.
If you have any specific questions or need information about CoinDCX, feel free to ask!
#CATIonBinance #dcx
If you have any specific questions or need information about CoinDCX, feel free to ask!
#CATIonBinance #dcx
‼️‼️CoinDCX, one of India’s leading crypto exchanges, was hit by a $44 million hack targeting an internal operational account dedicated to liquidity provisioning on a partner exchange.
‼️CEO Sumit Gupta confirmed the breach was caused by a “sophisticated server attack,” but assured users customer assets and wallets—INR and crypto—are completely safe, as the operational and custodial accounts are segregated
The stolen funds traced through Tornado Cash and bridged from Solana to Ethereum, per ZachXBT’s on-chain analysis.
💸CoinDCX is covering the loss from its own treasury reserves, not customer funds, and has isolated the breach. Cybersecurity experts are investigating, and a bug bounty program is planned.
👏
The fund meant to compensate users in the event of a breach has about $7 million, according to CoinDCX's most recent proof of reserves post. The exchange said its total holdings were valued at $BTC 584.2 million, with nearly 20 million registered users, as of June.
#dcx #COINdcx
#CryptoMarket4T #BinanceHODLerC #AltcoinBreakout
‼️CEO Sumit Gupta confirmed the breach was caused by a “sophisticated server attack,” but assured users customer assets and wallets—INR and crypto—are completely safe, as the operational and custodial accounts are segregated
The stolen funds traced through Tornado Cash and bridged from Solana to Ethereum, per ZachXBT’s on-chain analysis.
💸CoinDCX is covering the loss from its own treasury reserves, not customer funds, and has isolated the breach. Cybersecurity experts are investigating, and a bug bounty program is planned.
👏
The fund meant to compensate users in the event of a breach has about $7 million, according to CoinDCX's most recent proof of reserves post. The exchange said its total holdings were valued at $BTC 584.2 million, with nearly 20 million registered users, as of June.
#dcx #COINdcx
#CryptoMarket4T #BinanceHODLerC #AltcoinBreakout
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