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CoinDCX denies second hack claims as ZachXBT questions wallet activity

By Rony Roy

Indian cryptocurrency exchange CoinDCX has denied allegations of a new security breach involving nearly $16 million in cryptocurrency transfers, although blockchain investigator ZachXBT has challenged the company’s explanation of the suspicious wallet activity. CoinDCX said in an October 22 statement…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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