CoinDCX Heist: ₹379 Crore ($44M) Stolen in India

What happened: A Bengaluru engineer was arrested for allegedly siphoning Rs. 379 crore (~$44M) from CoinDCX wallets via a compromised company laptop and ambiguous freelance ties.

Why it matters: Even top-tier exchanges remain vulnerable to insider threats and security gaps. Losses undermine trust and highlight the need for stronger internal controls and audits.

Looking ahead: Expect tighter regulatory scrutiny in India, more stringent security protocols, and pressure on exchanges to adopt rigorous compliance standards.

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