CoinDCX loses $44 million in cyberattack: Here’s what the crypto platform said

CoinDCX, one of India’s leading cryptocurrency exchanges, has confirmed a major cyberattack that led to the loss of around $44 million from one of its internal accounts.

The breach occurred on July 19 and was publicly acknowledged by co-founder Neeraj Khandelwal the next day.

NO IMPACT ON USER FUNDS, SAYS COINDCX

In a detailed post on X (formerly Twitter), Neeraj Khandelwal said, “The total amount lost was ~$44Mn out of our treasury assets. CoinDCX Treasury will be bearing these losses. Our first and foremost objective throughout the day has been to first secure assets.”

CoinDCX also issued a press note stating that the incident involved only one internal operational account used for liquidity provisioning on a partner exchange. “No…

Source link