CoinDCX co-founder Sumit Gupta confirmed that the attack was a sophisticated server breach, assuring no customer funds were affected. The exchange is working to recover the stolen assets and plans a bug bounty program.

Indian crypto exchange CoinDCX hacked for $44 million

WazirX, one of the country’s major cryptocurrency firms, suffered one of the biggest cyberattacks on an Indian exchange after hackers allegedly stole more than $230 million of users’ holdings, which was nearly half of the platform’s reserves. The incident highlights the security challenges that cryptocurrency exchanges face, and how they have become a target for hackers worldwide.

Crypto exchange WazirX breached, hackers steal over $230mn

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