The speculation emerged after a Livemint report claimed that negotiations were underway between the two crypto trading platforms.
“Ignore the rumours! CoinDCX is ‘super focused’ on building for India’s crypto story and not up for sale!”
Since then, the exchange has made no further announcements about its plan for the Asian country.
Blockchain analytics firm Cyvers identified attack patterns consistent with previous Lazarus operations, including cross-chain bridges and Tornado Cash to obscure fund flows.
According to Cyvers, the attackers likely exploited exposed API keys or misconfigured backend systems, allowing them to transfer assets from the Solana blockchain to Ethereum and launder them anonymously.
In response to the exploit, CoinDCX introduced an $11 million bounty initiative offering up to 25% of recovered assets. The program aims to engage ethical hackers, researchers, and blockchain firms in asset recovery efforts.
