A “false alarm” that became a $16 million loss? That makes me uneasy. 😬
CoinDCX, India’s largest crypto exchange, initially dismissed reports of suspicious outflows. Now it says an internal process failure tied to a retired wallet caused a $16 million loss—and the exchange will absorb it.
I’m relieved it’s taking the hit, but that reversal deserves scrutiny. 🔍
What matters more to your trust: absorbing the loss or explaining exactly how the failure happened?
#Crypto #CoinDCX #ExchangeSecurity
CoinDCX, India’s largest crypto exchange, initially dismissed reports of suspicious outflows. Now it says an internal process failure tied to a retired wallet caused a $16 million loss—and the exchange will absorb it.
I’m relieved it’s taking the hit, but that reversal deserves scrutiny. 🔍
What matters more to your trust: absorbing the loss or explaining exactly how the failure happened?
#Crypto #CoinDCX #ExchangeSecurity
