Odaily News India’s crypto assets exchange CoinDCX co-founder Sumit Gupta stated: "One of our operational accounts used internally to provide liquidity at partner exchanges has been compromised due to a complex server intrusion. I confirm that the CoinDCX wallet used to store customer assets has not been affected and is completely secure. Before sharing further details, I would like to emphasize the following points:
- No user funds were affected;
- User assets are completely safe and protected in the cold Wallet infrastructure;
- All trading activities and withdrawals in Indian Rupees are operating normally.
The incident was quickly controlled by isolating the affected operational account. Since our operational accounts are separate from customer wallets, the risk is limited to this specific account and will be fully borne by us—paid from our own reserves.
Our internal security and operations teams are working around the clock with leading cybersecurity partners to investigate the matter, patch any vulnerabilities, and track the flow of funds. We are collaborating with our exchange partners to stop and recover assets, including the upcoming launch of a bug bounty program. Every security incident is a learning opportunity, and we will take lessons from this incident to further strengthen our platform.
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