🇨🇳💸 — NEW: China has officially banned cryptocurrency trading, mining, and related services, citing concerns over financial risks, capital flight, and environmental impact.
Indian crypto exchange CoinDCX suffered a major security breach, with ~$44.2M drained from an internal operational wallet used for liquidity on a partner exchange.
🗣 CoinDCX CEO confirmed the breach and said:
One of our internal operational accounts was compromised due to a sophisticated server breach. Wallets used to store customer assets are completely safe. CoinDCX will be bearing the full amount from our treasury reserves.