CoinDCX admits to $16 million loss just days after CEO denied a new wallet breach
- CoinDCX confirmed a loss of 15.99 million USDT due to compromised wallet infrastructure linked to an earlier security incident, despite CEO Sumit Gupta’s previous claim that no wallets had been compromised.
- Suspicious activity was detected on October 21, leading to an investigation that uncovered vulnerabilities in legacy operational wallet infrastructure.
- The exchange assured users that active wallets and trading systems remain secure. Deposits sent to deprecated addresses will be credited to users, while the company will absorb the financial loss.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- CoinDCX confirmed a loss of 15.99 million USDT due to compromised wallet infrastructure linked to an earlier security incident, despite CEO Sumit Gupta’s previous claim that no wallets had been compromised.
- Suspicious activity was detected on October 21, leading to an investigation that uncovered vulnerabilities in legacy operational wallet infrastructure.
- The exchange assured users that active wallets and trading systems remain secure. Deposits sent to deprecated addresses will be credited to users, while the company will absorb the financial loss.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
