CoinDCX has released a follow-up announcement regarding the "Approximately $44.2 Million Theft": The loss will be covered by our own treasury reserves.

News, July 20th, Indian cryptocurrency exchange CoinDCX released a follow-up announcement after the "Approximately $44.2 Million Attack Loss" stating that the reason for this attack was the theft from an internal operational account due to a server breach. The CoinDCX wallet used to store customer assets was not affected, and the related losses will be fully covered by CoinDCX's own treasury reserve. Currently, assets are being frozen and recovered, and a bug bounty program is being planned.

BlockBeats previously reported that CoinDCX was hacked in the early morning of yesterday, with a loss of approximately $44.2 million.