Indian Exchange CoinDCX Admits $16M Hit After CEO Dismissed Suspicious Transfers
CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed. CoinDCX says it absorbed the losses and customer balances remain safe, but blockchain investigators […]
Key Takeaways
- CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed.
- CoinDCX says it absorbed the losses and customer balances remain safe, but blockchain investigators […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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