Tag: #Coindcx
In July 2025, CoinDCX suffered a targeted cyberattack that led to a loss of $44 million. The attackers breached a backend server tied to the company’s internal liquidity provisioning system—an infrastructure used to manage token swaps, ensure trading liquidity, and facilitate order book stability. This wasn’t a wallet or front-end login breach. Instead, the hackers […]
WazirX unveils a Scheme of Arrangement to recover from the $234 million cyberattack, ensuring fair asset distribution and future stability. In July 2024, WazirX, one of India’s largest cryptocurrency exchanges, faced a security breach that led to the loss of millions in digital assets. The attack, attributed to North Korean hackers, significantly impacted user funds […]
The CEO of Indian crypto exchange Coindcx has strongly criticized Wazirx’s cyberattack response after the platform recently suffered a massive $230 million breach. Sumit Gupta, CEO of Coindcx, voiced his concerns on social media platform X, condemning Wazirx’s decision to pass 45% of the losses onto its customers. “Making customers directly absorb the 45% losses […]