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CoinDCX Acquisition by Coinbase is reportedly in advanced discussions, coming just a few weeks after the exchange was targeted in a $44 million crypto heist. A local publication, citing unknown sources, published an article on 29 July 2025, revealing that the deal would value CoinDCX below $900 million, a steep decline from its $2.2 billion … Read more
Coinbase is in advanced talks to acquire CoinDCX after a $44M hack, offering less than half of what CoinDCX was valued at in the last bull market. Summary Coinbase is negotiating to acquire CoinDCX for under $1 billion, deepening its investment in India’s crypto sector. CoinDCX recently lost $44 million in a major hack, raising … Read more
Key Takeaways Coinbase is in advanced talks to acquire India’s largest crypto exchange, CoinDCX. CoinDCX’s valuation has dropped below $1 billion following a $44 million security breach. Share this article Coinbase is reported to be in advanced negotiations with CoinDCX, one of India’s largest crypto exchanges, over a potential acquisition deal that could strengthen its … Read more
Trump Media and Strategy adds billions to Bitcoin holdings, CoinDCX launches bounty, and India intensifies crypto tax enforcement this week. Strategy extends Bitcoin purchasing spree CoinDCX launches $11 million recovery bounty Trump Media allocates $2 billion to Bitcoin treasury Ark…
The Asian crypto landscape is continually evolving. This week, the region witnessed significant developments across several fronts, including massive capital infusions, global expansions, as well as rising concerns over crypto exposure and a massive security breach. These developments showcase a rising institutional confidence along with persistent vulnerabilities. Hong Kong’s OSL Group Locks In $300M Equity … Read more
On 19 July 2025, major Indian cryptocurrency exchange CoinDCX suffered a security breach resulting in the theft of approximately $44.2 million in USDC and USDT. Despite the hack, CEO Sumit Gupta took to X on 22 July 2025 to say that “CoinDCX remains financially strong, fully operational, and firmly committed to building for the long … Read more
India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on … Read more
CoinDCX, a leading Indian crypto exchange, suffered a $44.2M hack on July 19, targeting an internal wallet. Customer funds remain safe, as the breach did not affect reserves. Crypto exchanges combine three core components of trading: settlement, execution, and custody. In traditional finance, these functions are segregated, making exchanges like the NYSE and NASDAQ resilient … Read more
CoinDCX has revealed that the $44 million exploit resulted from a server compromise affecting one of its internal liquidity accounts. In a detailed incident report released on July 20, the Indian crypto exchange confirmed that no customer funds were affected and that the entire loss will be absorbed by the company’s treasury. The attack was … Read more
Key Takeaways CoinDCX suffered a loss after hackers breached an internal operational wallet. Customer funds remain unaffected, and the exchange is working to recover stolen assets and enhance security, according to the team. Share this article CoinDCX, one of India’s largest crypto exchanges, reported Saturday that one of its internal wallets had been compromised. The … Read more
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