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CoinDCX Founder Shuts Down Coinbase Acquisition Rumors After $44M Security Breach—"Not for Sale"
CoinDCX Founder Shuts Down Coinbase Acquisition Rumors After $44M Security Breach—"Not for Sale"
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Another day, another crypto hack—but this time with a side of M&A drama.
CoinDCX's founder flatly denied acquisition talks with Coinbase just hours after the Indian exchange bled $44 million in a security exploit. The timing? Suspiciously convenient for traders who love volatility theater.
When pressed for details, the founder doubled down: "Our focus is on user reimbursement, not exit strategies." Meanwhile, blockchain sleuths traced the stolen funds to—you guessed it—a mixer. Cue the regulatory finger-wagging.
Funny how a nine-figure heist suddenly makes "strategic partnerships" sound less appealing. Maybe next time try a boring old bank wire?
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