CoinDCX confirms a $44 million exploit due to a server breach, assuring that customer funds remain secure and operations fully functional.
CoinDCX reported a $44 million loss from a server compromise affecting an internal liquidity account, but assured that no customer funds were impacted. The breach occurred on July 19, and the exchange has since restored all operations, including INR withdrawals and trading. CoinDCX is collaborating with cybersecurity experts and authorities to trace the stolen assets and has introduced a Recovery Bounty Program for information leading to recovery efforts.