CoinDCX Confirms $15.99 Million Loss After Earlier Dismissal of Breach Reports

Indian cryptocurrency exchange CoinDCX has confirmed a $15.99 million loss linked to retired wallet infrastructure, days after CEO Sumit Gupta dismissed reports of suspicious outflows as a possible false alarm. The exchange says a failed automated transfer process allowed deposits to accumulate in vulnerable addresses…
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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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