because he and his exchanger will face massive withdrawal requests.
It's happening already, even though they haven't disabled the withdrawal features they just kept it under the tab processing with no reply from the customer support when then the usual withdrawal time will be no more than 30 minutes. So definitely something is happening.
In their incident report [1]
, — they have mentioned it can take upto 72 hours to process withdrawal requests, so users should wait at least until then, if withdrawal is not received by then, then jump to conclusions.
No Halt in Withdrawals, Operations Running Normally
CoinDCX services remain fully operational. Trading activity, INR deposits and INR withdrawals continue. INR withdrawals below ₹5 lakhs will reflect in your account within 5 hours, while withdrawals above ₹5 lakhs will be processed within 72 hours. The incident was isolated and has no impact on your portfolio access or operations.