New Delhi, July 22 -- Almost one year after $234.9 million was lost to a hack at WazirX on July 18, 2024, another crypto exchange CoinDCX has encountered a massive hack leading to loss of $44 million.

This has reportedly given a considerable setback to the new-age investors, some of whom had pinned their hopes on earning good returns amid skyrocketing crypto prices. In the past one month alone, bitcoin prices have risen by around 14 percent to touch $1,18,000.

Meanwhile, CoinDCX's Sumit Gupta - after the hack -- wrote on X that customers' funds are 100 percent safe as all user assets are stored in segregated cold wallets. The company further claimed that its reserves are absorbing all losses.

After the news spread in the market, the ex...