According to CoinDCX, the compromised account was not linked to any user funds; it was used solely for backend liquidity processes on a partner exchange.
“This incident did not affect any customer assets. The compromised account was internal and isolated,” stated Sumit Gupta, CEO and co-founder of CoinDCX.
Gupta revealed that the resulted from a ‘sophisticated server compromise.’ The company has pledged to cover the entire financial loss using its treasury reserves, which remain strong.
“Our treasury is adequately capitalized. We’re absorbing the entire loss internally; users won’t be affected financially,” Gupta said in a statement on X (formerly Twitter).
