Inside The $44 Mn CoinDCX Breach: Another Dark Day For Indian Crypto

CoinDCX, a cryptocurrency exchange, experienced a "major cyberattack," resulting in the theft of "approximately $44 million (₹380 crore) from one of its internal treasury accounts." The company's co-founder confirmed that customer funds were not impacted. CoinDCX is collaborating with exchange partners to block and recover assets and plans to launch a bug bounty program. This incident underscores the persistent security challenges in the crypto industry and the need for robust cybersecurity measures.