The story so far: On July 19, the crypto exchange CoinDCX updated users that one of its internal accounts had been “compromised.” The company’s executives reassured panicked investors and traders that their assets were safe and that access to their crypto would not be cut off.
Despite assurances, many CoinDCX customers moved to withdraw their assets, perceiving the event could turn into something like the WazirX hack last year.
What happened to CoinDCX?
CoinDCX is a Financial Intelligence Unit (FIU) registered Indian cryptocurrency exchange founded in 2018 by Neeraj Khandelwal and Sumit Gupta, now counting over 1.6 crore registered users. On July 19, the exchange shared that one of its “internal operational accounts, used solely…
