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ExchangesSource: Bitcoin.com News ·

Indian Exchange CoinDCX Admits $16M Hit After CEO Dismissed Suspicious Transfers

CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed.

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This headline and summary were published by Bitcoin.com News. CryptoNewsroom did not write or verify this story and shows it only as a pointer to the original. See how we select sources. Nothing here is financial advice.

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