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ZachXBT Urges CoinDCX Users to Withdraw All Funds After About $16 Million Loss

He criticized the exchange’s co-founders for denying the theft in public and private communications before its disclosure.

An anonymous hand holds a phone beside a small hardware wallet / TokenPost.ai
An anonymous hand holds a phone beside a small hardware wallet / TokenPost.ai

Blockchain investigator ZachXBT urged users of Indian crypto exchange CoinDCX to withdraw all funds after the company disclosed a theft involving about $16 million. He criticized the exchange’s co-founders for earlier denials and delayed disclosure.

ZachXBT said the founders had denied that assets were stolen in public and private communications before CoinDCX disclosed the loss. He faulted the exchange for not informing the public sooner.

He also included WazirX and BitBNS in his criticism of Indian centralized exchanges.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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