Indian cryptocurrency exchange CoinDCX is confronting allegations of a $44.2 million security breach, prompting heightened scrutiny from the crypto community. Reports suggest unauthorized access led to significant asset losses, though the exchange has not confirmed the incident’s validity.
Company representatives have issued firm reassurances that user assets remain protected and fully secure. CoinDCX emphasized its commitment to robust security protocols while launching an internal investigation into the claims. The exchange maintains all customer funds are safeguarded in accordance with standard operational procedures.