CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue
- DCX Group had an annual revenue of ₹1,179 Cr (~$136 million)
- The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding
- The CEO’s statement came after CoinDCX was hacked for approx $44.2 million a few days ago
In a detailed statement on X, Sumit Gupta, CEO of CoinDCX, addressed how the exchange remains financially strong despite a recent, major security breach.
Gupta shared internal data showing that the DCX Group (CoinDCX in India, BitOasis in UAE and Bahrain, and Okto Web3, which is a Web3 wallet developed by CoinDCX) had an annual revenue of ₹1,179 Cr (~$136 million), annual transaction volume of ₹13.7 Lakh Cr (~$158 billion), and assets under custody over ₹10,000 Cr (~$1.15 billion).
The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding.
Gupta also mentioned and thanked their 19 million customers, ending the post by saying: “CoinDCX is here to stay, lead, and grow!”
CEO statement follows the recent $44.2M hack
The CEO�…
The post CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue appeared first on Coin Edition.
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CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue
- DCX Group had an annual revenue of ₹1,179 Cr (~$136 million)
- The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding
- The CEO’s statement came after CoinDCX was hacked for approx $44.2 million a few days ago
In a detailed statement on X, Sumit Gupta, CEO of CoinDCX, addressed how the exchange remains financially strong despite a recent, major security breach.
Gupta shared internal data showing that the DCX Group (CoinDCX in India, BitOasis in UAE and Bahrain, and Okto Web3, which is a Web3 wallet developed by CoinDCX) had an annual revenue of ₹1,179 Cr (~$136 million), annual transaction volume of ₹13.7 Lakh Cr (~$158 billion), and assets under custody over ₹10,000 Cr (~$1.15 billion).
The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding.
Gupta also mentioned and thanked their 19 million customers, ending the post by saying: “CoinDCX is here to stay, lead, and grow!”
CEO statement follows the recent $44.2M hack
The CEO�…
The post CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue appeared first on Coin Edition.
Read More
“Human Behavior Is the Weakest Link”: CertiK Co-Founder on the Real Threat in Crypto