🚨 Indian Crypto Exchange CoinDCX Suffers $44M Hack
CoinDCX has confirmed a $44 million hack involving an internal liquidity account. Fortunately, no customer funds were affected, with losses covered by the company’s treasury. Trading and INR withdrawals remain active, while Web3 operations are temporarily paused. The breach was first identified by blockchain analysts before official disclosure.
CEO Sumit Gupta assured that all user assets are safe and security protocols are being enhanced. This incident highlights the urgent need for stronger infrastructure, faster disclosures, and decentralized custody solutions across Indian exchanges.
Will this drive innovation or stricter regulation in India's crypto space?