Threat Actors Walk Away With $44 Million

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Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. 

The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach.

No user funds were affected due to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all customer funds remain safe and wrote:

“The incident was quickly contained by isolating the affected operational account. Since our operational accounts are segregated from customer wallets,…



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Threat Actors Walk Away With $44 Million


Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. 

The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach.

No user funds were affected due to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all customer funds remain safe and wrote:

“The incident was quickly contained by isolating the affected operational account. Since our operational accounts are segregated from customer wallets,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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