CoinDCX, India's largest exchange, denies its active wallets were hacked after blockchain sleuths flagged $16 million in outflows from addresses linked to it. CoinDesk
coindesk.comCoinDCX denies hack, blames broken clean up job for $16 million outflowCoinDCX denies its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the India-based exchange.
When an exchange's wallets show unusual outflows, what on-chain evidence would settle whether it was a hack or routine treasury movement?
Update: CoinDCX, India's largest crypto exchange, now says it lost $16 million from an internal process failure tied to a retired wallet, after first dismissing the outflows as a false alarm. CoinDesk
coindesk.comCoinDCX absorbs $16 million loss from internal process failure tied to retired walletThe Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm. It now says it lost $16 million and will absorb the loss.
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