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RegulationGlobal · India

India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

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India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.

Key Takeaways

  1. The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.