CoinDCX Insider Nabbed in Brazen $44M Crypto Exchange Heist
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Crypto exchange security takes another hit—this time from within.
Indian exchange CoinDCX confirms an employee was arrested for allegedly orchestrating a $44 million hack. Because nothing says 'trustless' like an inside job.
How it went down:
The suspect exploited backend systems, bypassing multiple security layers. Funds vanished faster than a DeFi rug pull.
Why it matters:
Exchanges keep promising 'institutional-grade security' while nine-figure breaches keep happening. Maybe next time try actual institutions?
The aftermath:
CoinDCX vows to 'make affected users whole'—standard post-hack PR speak that usually means 'we'll print you some IOUs.' Meanwhile, the crypto space shrugs and keeps chasing the next ATH.
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