CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty
Share:
Predictions Markets
See what traders are focused on
- CoinDCX lost $44 million in a targeted exploit involving an internal liquidity account
- No customer funds were affected, as the breach was limited to the exchange’s operational reserves
- CEO Sumit Gupta pledged a stronger, more resilient CoinDCX in a post on X platform
India’s leading cryptocurrency exchange, CoinDCX, is pushing forward with renewed focus and resolve after suffering a $44 million exploit last week.
Finally got some time to sleep. Took a moment to digest everything that’s happened over the last few days.
— Sumit Gupta (CoinDCX) (@smtgpt) July 23, 2025
Until now, it was all about solving the problem at hand — heads down, no distractions. It was a challenging situation to deal with, no doubt
But here’s what I know —…
CoinDCX to Come Back Stronger
In a public comment since the breach, CEO Sumit Gupta took to social media on July 23 to reflect on the crisis and express confidence in the company’s recovery.
“Finally got some time to sleep. Took a moment to digest everything that’s happened over the last few days,” Gupta wrote on X (formerly Twitter).
Related: With 100 Million Crypto Users, Indian Exchanges Say It’s …
The post CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty appeared first on Coin Edition.
Read More
India’s Central Bank Reaffirms Push for Crypto Ban as Tax Officials Flag Evasion Risks
