🚹 THE COINDCX INCIDENT EXPLAINED 🚹
Rumors have been flying about a massive "hack" at CoinDCX. Here is exactly what happened with the $15.99M movement:
1ïžâƒŁ The Glitch: It wasn’t a cyberattack. An automated system sweep failed, causing funds to get stuck within inactive wallet infrastructure linked to a past security event.
2ïžâƒŁ The Loss: The exchange suffered a $15.99M hit due to the automated system glitch, which they are fully absorbing.
3ïžâƒŁ User Safety: CoinDCX confirmed that all active systems, user balances, and funds remain 100% safe and unaffected.
A stark reminder of how complex internal exchange infrastructure can be.
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