CoinDCX Reveals Details of $44 Million Exploit
CoinDCX, a prominent Indian crypto exchange, has disclosed the cause of a recent $44 million exploit. The incident stemmed from a server breach that targeted one of its internal liquidity accounts. In a comprehensive report published on July 20, CoinDCX assured users that customer funds remained safe.
The company explained that the exploit did not impact user wallets. Rather, it compromised an internal account used for liquidity management. CoinDCX quickly identified the breach and took immediate action to secure its systems.The exchange is now working with cybersecurity experts to enhance its security protocols.
Key points from the report include:
- The exploit occurred due to a server compromise.
- Only an internal liquidity account was affected.
- No customer funds were at risk.
CoinDCX has pledged to maintain clarity and keep its users informed. The company is also reviewing its security measures to prevent similar incidents in the future. For more details, visit the CoinDCX website.
