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CoinDCX Announces Follow-up Statement After Theft of Approximately $44.2 Million: Losses to be Covered by Own Treasury Reserves
Summary: According to reports, Indian cryptocurrency exchange platform CoinDCX has released a follow-up announcement regarding the attack that resulted in approximately $44.2 million in losses. The attack was due to internal operational accounts being compromised by a server breach, with the CoinDCX wallets used to store customer assets remaining unaffected. The losses will be fully covered ...
According to reports, Indian cryptocurrency exchange platform CoinDCX has released a follow-up announcement regarding the attack that resulted in approximately $44.2 million in losses. The attack was due to internal operational accounts being compromised by a server breach, with the CoinDCX wallets used to store customer assets remaining unaffected. The losses will be fully covered by CoinDCX's own treasury reserves. Assets are currently being frozen and recovered, with plans to launch a bug bounty program. CoinDCX was reportedly hacked yesterday morning, resulting in losses of approximately $44.2 million.
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Link: CoinDCX Announces Follow-up Statement After Theft of Approximately $44.2 Million: Losses to be Covered by Own Treasury Reserves [Copy]
