CoinDCX Confirms $15.99 Million Loss After Earlier Dismissal of Breach Reports
Indian cryptocurrency exchange CoinDCX has confirmed a $15.99 million loss linked to retired wallet infrastructure, days after CEO Sumit Gupta dismissed reports of suspicious outflows as a possible false alarm. The exchange says a failed automated transfer process allowed deposits to accumulate in vulnerable addresses and that the company absorbed the loss. TL;DR $15.99 million […]
Key Takeaways
- Indian cryptocurrency exchange CoinDCX has confirmed a $15.99 million loss linked to retired wallet infrastructure, days after CEO Sumit Gupta dismissed reports of suspicious outflows as a possible false alarm.
- The exchange says a failed automated transfer process allowed deposits to accumulate in vulnerable addresses and that the company absorbed the loss.
- TL;DR $15.99 million […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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