Post
Topic
Board Exchanges
Re: Indian Exchange CoinDCX hacked?
by
Amphenomenon
on 19/07/2025, 19:19:09 UTC
This was just posted by the CEO:

.....
Before I share further details on this, I would like to highlight that:
-No customer funds have been impacted
-Your assets remain completely safe and protected in our secure cold wallet infrastructure
-All trading activity and INR withdrawals are fully operational


It's good news that operations have not been affected, but this is definitely not an exchange I would recommened anyone to use. Making a statement about the hack 17 hours after the incident is not a good look.
As always they want to try everything to keep a good reputation but sometimes fail to ignore the importance of transparency. Imagine ZachXBT didn't review this? Maybe they could have hidden it for a longer time after all their customers could still access their funds as they stated in their post.

It's better ti avoid CEX but when there's no other feasible option, I rather opt for top/well known and who are more transparent and their behaviour doesn't make one prune to scammers.