Express

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.

Last Update:

Tags:
Link: CoinDCX Announces Follow-up Statement After Theft of Approximately $44.2 Million: Losses to be Covered by Own Treasury Reserves [Copy]

Last: Shanghai Reveals Cross-Border Illegal Forex Case Involving Stablecoins, Involving 6.5 Billion RMB

Next: NFT Trading Volume Increases by 29% to $1.596 Billion in Past 7 Days, Pudgy Penguins Trading Volume Surges by 247.32%

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 2 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 6 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 9 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 13 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 15 days ago