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Crypto Platform CoinDCX Hacked, Nearly Rs 368 Crore Lost In Huge Security Breach
In a major security incident, CoinDCX, one of India's cryptocurrency exchanges, has confirmed a hacking attack that led to a loss of around $44 million (nearly Rs 368 crore).
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Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
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FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
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ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
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Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
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CoinDCX Brings 'Bitcoin Chai Cafe' Crypto Literacy Campaign to Tea Stalls in Mumbai
CoinDCX's latest crypto awareness campaign, called 'Bitcoin Chai Cafe', has been launched in Mumbai. It aims to make crypto-related conversations common on traditional, small tea stalls – where office goers, students, and others from varied age groups gather for snacks and tea throughout the day.
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Bitcoin Surges Past $56,000, But Continues to See Losses Alongside Ether, Solana, Dogecoin
Bitcoin and Ether both recorded losses on Friday alongside Solana, Tron, and Dogecoin. On Indian exchanges like CoinSwitch and CoinDCX, Bitcoin is priced $60,708 (roughly Rs. 50.9 lakh).
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India’s Self Custodial Okto Wallet Acquires Licence in Ras Al Khaimah as Part of UAE Expansion
Okto, the self-custodial wallet by CoinDCX crypto exchange has secured a business licence in UAE’s Ras Al Khaimah (RAK). This marks a pivotal milestone in Okto’s plans for international expansion, starting with the UAE, the company said on August 27.
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CoinDCX’s Okto Wallet Announces Arbitrum Rewards Challenge Aiming to Incentivise Traders
Okto has announced the launch of a rewards initiative aimed at incentivising traders that are part of its community and ramping up user activities. In its official statement, Okto said it is presenting this opportunity for traders to earn rewards to provide exceptional trading opportunities to its users.
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CoinDCX Announces Rs. 50 Crore Investor Protection Fund Following WazirX Hack
CoinDCX crypto exchange has launched a crypto investor protection fund (CIPF) worth Rs. 50 crores. Announcing the CIPF, CoinDCX co-founder Sumit Gupta said that this dedicated fund will provide an additional layer of protection, ensuring that our customers' assets remain secure.
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Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack
WazirX has planned a strategy aiming to build back its business after the recent hack. As part of this plan, the exchange has decided to distribute the impact of this loss ‘equitably’ among all of its users – regardless of whether or not their funds were directly impacted by this hack. The development has stirred controversy in India’s cryp...
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Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms
While WazirX’s team started to investigate its wallet breach, Gadgets360 reached out to multiple crypto exchanges to inquire about the status of users on their respective platforms. Given that the WazirX hack has stirred chaos in India’s crypto community, fears about other exchanges seeing many quick withdrawals had arisen among industry inside...
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WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach
WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch...
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CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
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CoinDCX App Gets New ‘Web3 Mode’, Users to Get Access to Over 50,000 DEX Tokens
CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...
-
Crypto Platform CoinDCX Hacked, Nearly Rs 368 Crore Lost In Huge Security Breach
In a major security incident, CoinDCX, one of India's cryptocurrency exchanges, has confirmed a hacking attack that led to a loss of around $44 million (nearly Rs 368 crore).
-
Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
-
FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
-
ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
-
Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
-
CoinDCX Brings 'Bitcoin Chai Cafe' Crypto Literacy Campaign to Tea Stalls in Mumbai
CoinDCX's latest crypto awareness campaign, called 'Bitcoin Chai Cafe', has been launched in Mumbai. It aims to make crypto-related conversations common on traditional, small tea stalls – where office goers, students, and others from varied age groups gather for snacks and tea throughout the day.
-
Bitcoin Surges Past $56,000, But Continues to See Losses Alongside Ether, Solana, Dogecoin
Bitcoin and Ether both recorded losses on Friday alongside Solana, Tron, and Dogecoin. On Indian exchanges like CoinSwitch and CoinDCX, Bitcoin is priced $60,708 (roughly Rs. 50.9 lakh).
-
India’s Self Custodial Okto Wallet Acquires Licence in Ras Al Khaimah as Part of UAE Expansion
Okto, the self-custodial wallet by CoinDCX crypto exchange has secured a business licence in UAE’s Ras Al Khaimah (RAK). This marks a pivotal milestone in Okto’s plans for international expansion, starting with the UAE, the company said on August 27.
-
CoinDCX’s Okto Wallet Announces Arbitrum Rewards Challenge Aiming to Incentivise Traders
Okto has announced the launch of a rewards initiative aimed at incentivising traders that are part of its community and ramping up user activities. In its official statement, Okto said it is presenting this opportunity for traders to earn rewards to provide exceptional trading opportunities to its users.
-
CoinDCX Announces Rs. 50 Crore Investor Protection Fund Following WazirX Hack
CoinDCX crypto exchange has launched a crypto investor protection fund (CIPF) worth Rs. 50 crores. Announcing the CIPF, CoinDCX co-founder Sumit Gupta said that this dedicated fund will provide an additional layer of protection, ensuring that our customers' assets remain secure.
-
Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack
WazirX has planned a strategy aiming to build back its business after the recent hack. As part of this plan, the exchange has decided to distribute the impact of this loss ‘equitably’ among all of its users – regardless of whether or not their funds were directly impacted by this hack. The development has stirred controversy in India’s cryp...
-
Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms
While WazirX’s team started to investigate its wallet breach, Gadgets360 reached out to multiple crypto exchanges to inquire about the status of users on their respective platforms. Given that the WazirX hack has stirred chaos in India’s crypto community, fears about other exchanges seeing many quick withdrawals had arisen among industry inside...
-
WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach
WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch...
-
CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
-
CoinDCX App Gets New ‘Web3 Mode’, Users to Get Access to Over 50,000 DEX Tokens
CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...
