New Delhi, July 21 -- Indian cryptocurrency platform CoinDCX has confirmed a significant security breach that resulted in the loss of approximately $44 million (around Rs.368 crore). The hack, which occurred early Saturday, targeted an internal operational account used for liquidity purposes on a partner exchange.

Despite the breach, CoinDCX assured users that their personal funds remain unaffected, as the compromised account did not hold any customer assets.

Co-founder Sumit Gupta revealed the incident stemmed from a "sophisticated server breach" and emphasized that the company's treasury reserves are strong enough to absorb the loss fully.

As a safety measure, the Web3 platform was briefly paused but has since resumed operations. Reg...