An employee of CoinDCX, a cryptocurrency exchange that was hacked for $44 million in mid-July, was arrested in India in connection with a security breach, according to multiple local reports. Bengaluru City police detained CoinDCX software engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the exchange’s assets, The Times … Read more
CoinDCX, India's largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it. “Ignore the rumours,” CEO Sumit Gupta said Tuesday in a post on X. Earlier in the day Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge … Read more
Sumit Gupta, the CEO of CoinDCX crypto exchange has refuted claims that it has allegedly defrauded some of its users. This response came after media reports citing anonymous police officials from Delhi claimed that CoinDCX asked users to pay extra money to process withdrawals – with a promise of tax deduction and refund from the … Read more
Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a 2,000 percent hike in crypto … Read more
The startup ecosystem of India, emerged as the third largest in the world, with over 99,000 recognised firms and 108 unicorns. In regard to the Web3 ecosystem, industry players have identified setbacks, that is slowing down the overall growth of the sector. As India observes the National Startup Day on Tuesday, January 16 – CoinDCX’s … Read more
Ahead of India’s 75th Republic Day, Indian crypto exchange CoinDCX has announced a grant programme for Indian Web3 developers in partnership with the Solana Foundation. The grant, worth Rs. 25 crore, aims to help bootstrapped Indian Web3 developers designing products on the Solana blockchain. In an official announcement shared on Thursday, January 25, CoinDCX said … Read more
The crypto industry has been a prime target for cyber criminals as the sector continues to grow in popularity. Several scams and hacks have prompted people to keep their distance. In order to spread awareness about safe engagement with crypto, Indian exchange CoinDCX has released a list of safety tips and suggestions that customers can … Read more
Koinex, an Indian crypto exchange that permanently halted all services related to the trading of digital assets amid regulatory unclarity, has partnered with another exchange to access their assets. Users whose assets were deposited with the now-defunct Koinex exchange can now get assistance through CoinDCX. Before shutting down operations, Koinex had recorded over $265 million … Read more
The crypto scene in India is getting more sophisticated with the government gradually deploying regulations to oversee the industry’s safety. In a bid to get a better understanding of what the Indian crypto community really wishes for, CoinDCX crypto exchange has decided to do something simple and effective — ask the community members. The aim, … Read more
The crypto sector is currently undergoing a bull run, with Bitcoin trading at its all-time high of over $71,733 (roughly Rs. 59.3 lakh). Taking advantage of all the buzz surrounding BTC at this point, Indian exchange CoinDCX has initiated its new crypto awareness campaign called KnowBitcoin. The crypto exchange, in order to entice more people … Read more