Indian crypto platform CoinDCX loses Rs 378 crore in hack: Are customers’ assets safe?

Indian crypto platform CoinDCX loses Rs 378 crore in hack: Are customers’ assets safe?

India’s second-largest crypto exchange, CoinDCX, was targeted by hackers on July 19, resulting in $44 million (Rs 378 crore) being wiped off the platform. This attack comes a year after WazirX was hit by a hack, resulting in the theft of assets worth $235 million (Rs 2,024 crore). What does this latest breach mean for crypto customers in India?

The breach at CoinDCX comes at a time when crypto security is under the spotlight in India. Representational image/Pixabay