The Indian crypto exchange assures users that customer funds are secure, with the loss covered by the company's treasury and a recovery bounty program in the works.
CoinDCX disclosed a $44 million loss due to a server compromise affecting an internal liquidity account, but confirmed that no customer funds were impacted as they are kept in cold storage. The exchange is working with cybersecurity experts and authorities to trace the stolen assets and has initiated a Recovery Bounty Program. Trading and withdrawals remain functional, and the breach has raised concerns about the resilience of India’s crypto infrastructure.