CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed. CoinDCX says it absorbed the losses and customer balances remain safe, but blockchain investigators […]
Indian Exchange CoinDCX Admits $16M Hit After CEO Dismissed Suspicious Transfers
CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian…
Some links on this page are affiliate links. We may earn a commission if you sign up, at no extra cost to you.
AI summary
Related news
NBA Embraces the CFTC on Prediction Markets as the NFL Fights It in Court
The agreement, which follows similar deals with MLB and NHL, establishes information-sharing to guard against insider trading as sports betting migrates to CFTC-regulated venues.
Keystone Breach Deepens as 18,835 Crypto Hardware Wallets Face Destruction
Keystone’s website breach just took a far more troubling turn. Hackers obtained a device authentication key, forcing the hardware wallet manufacturer to destroy 18,835 devices,…
South Korea Arrests Seven in First Big AI-Assisted Hacking Case
Police in Seoul say a 32-year-old with no IT background used AI tools to break into about 90 hospitals, schools and companies, then pressed victims for roughly $270,000 combined.