Layer3.news

12/4/2025

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ASIAN CRYPTO ROUNDUP: COINBASE EXTENDS FOOTPRINT, JAPAN BANS INSIDER TRADING, BINANCE RELAUNCHES IN SOUTH KOREA

https://media.zenfs.com/en/99bitcoins_us_315/21b71cdcf984074e094f2980fcaf9367

✍️ The Asian crypto landscape is booming, with countries competing in crypto adoption, new regulations, and institutional inflows.

👉 Coinbase invests in Indian exchange CoinDCX 👉 Japan targets insider trading in crypto 👉 Binance relaunches in South Korea after acquiring Gopax 👉 Vietnam's credit boom drives crypto adoption

-- #SumitGupta #ShanAggarwal #India #Japan #SouthKorea #Vietnam #technology

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Sumit Gupta Shan Aggarwal India Japan South Korea Vietnam technology mainstream:perspective

10/20/2025

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COINBASE EXPANDS INDIA PRESENCE WITH COINDCX INVESTMENT

https://media.zenfs.com/en/coinspeaker_us_106/6089e5033726e4cffe126eaf2447ab4c

✍️ Coinbase invests in CoinDCX, one of India's largest cryptocurrency exchanges, to expand its presence in the region and support the growth of digital assets.

👉 Coinbase invests in CoinDCX to expand its presence in India and the Middle East 👉 The investment aims to strengthen trust and expand access to crypto services 👉 CoinDCX has seen significant growth, with annualized revenue of ₹1,179 crore and total transaction volumes of ₹13.7 lakh crore 👉 The transaction is awaiting regulatory approval and other closing steps

-- #BrianArmstrong #ShanAggarwal #SumitGupta #India #MiddleEast #technology

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Brian Armstrong Shan Aggarwal Sumit Gupta India Middle East technology mainstream:perspective

10/16/2025

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COINBASE TO INCREASE INVESTMENT IN ONE OF INDIA’S LARGEST CRYPTO EXCHANGES

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✍️ Coinbase has agreed to invest in CoinDCX, one of India's largest crypto exchanges, pending regulatory approvals.

👉 Coinbase to invest in CoinDCX, pending regulatory approvals 👉 CoinDCX is one of India's largest crypto exchanges 👉 Investment subject to customary closing conditions

-- #ShanAggarwal #SumitGupta #India #technology

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Shan Aggarwal Sumit Gupta India technology Technology:perspective

10/15/2025

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COINBASE ANNOUNCES INVESTMENT IN INDIAN CRYPTO EXCHANGE COINDCX

https://crypto.news/app/uploads/2025/05/crypto-news-Coinbase-hackers-option04.webp

✍️ Coinbase makes a new investment in CoinDCX, India's largest crypto exchange, to expand across India and the Middle East.

👉 Coinbase makes a new strategic investment in CoinDCX, India's largest crypto exchange. 👉 The investment aims to strengthen Coinbase's footprint in the South Asian and Middle Eastern markets. 👉 CoinDCX has reported $165 billion in annualized trading volume and has 20 million+ users. 👉 The company has established itself as a major force in the Indian market by focusing on innovation, regulation, and trust. 👉 CoinDCX's resilience was tested when an internal account breach resulted in a $44 million loss, but it swiftly restored services after absorbing the losses from reserves.

-- #SumitGupta #India #MiddleEast #technology

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Sumit Gupta India Middle East technology Technology:perspective

10/15/2025

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COINDCX EMPLOYEE ARRESTED OVER LINKS TO $44 MILLION CRYPTO HEIST – REPORT

https://bitcoinist.com/wp-content/uploads/2025/07/Captura-de-Pantalla-2025-07-31-a-las-11.56.52-a.-m.png?w=605&resize=605%2C206

✍️ Indian authorities have arrested a CoinDCX employee, Rahul Agarwal, in connection with a recent security breach that resulted in a massive crypto theft.

👉 CoinDCX employee Rahul Agarwal arrested in connection with a recent security breach 👉 Hackers compromised Agarwal's login credentials, allowing them to transfer $44 million in USDT 👉 Agarwal had been working with CoinDCX for three years and had a 'well-paying role' 👉 The security breach occurred on July 19 👉 CoinDCX CEO Sumit Gupta has assured users that user funds are safe

-- #RahulAgarwal #SumitGupta #HardeepSingh #Bengaluru #Germany #technology

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Rahul Agarwal Sumit Gupta Hardeep Singh Bengaluru Germany technology Technology:perspective

8/1/2025

nostr:nevent1qvzqqqqqqypzqzxcaevld58q3yug9kph420jg3r9xy26kja4gezchcvujpd009srqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqh49vklpxur7y2p2k2lfmqs05vpw2nvapuzva4yt7y3msnueyndesr04dsa

CRYPTO HACKS TOP $142M IN JULY, WITH COINDCX LEADING LOSSES

https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5ODYzZGItMzVkZS03MmIxLWFlMmQtZTk3OWM1YWRkMDA0.jpg

✍️ Hackers stole at least $142 million from the crypto space in July, with the exploit of crypto exchange CoinDCX accounting for the most significant loss.

👉 Hackers stole at least $142 million from the crypto space in July 👉 CoinDCX was hacked for $44 million, with a CoinDCX employee arrested in connection with the security breach 👉 WOO X was compromised through a phishing attack, resulting in the theft of at least $14 million 👉 The hack was carried out through social engineering, targeting a team member's device and accessing the development environment

-- #RobBehnke #SumitGupta #technology

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Rob Behnke Sumit Gupta technology Technology:perspective

8/1/2025

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COINDCX EMPLOYEE ARRESTED IN CONNECTION WITH $44M CRYPTO HACK: REPORT

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✍️ An employee of CoinDCX, a cryptocurrency exchange, was arrested in India for his alleged involvement in a security breach that resulted in the theft of $44 million.

👉 CoinDCX employee arrested in India for alleged involvement in security breach 👉 Hackers compromised employee's login credentials via work laptop 👉 Employee denied involvement, but admitted to part-time work for private clients 👉 Company believes breach was a sophisticated social engineering attack

-- #RahulAgarwal #SumitGupta #HardeepSingh #PeterBrandt #India #Bengaluru #technology

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Rahul Agarwal Sumit Gupta Hardeep Singh Peter Brandt India Bengaluru technology Technology:perspective

7/31/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqqrxptty59az98ecqjp0n4n4vup5fnnuvqe9j2gc0xp69zwv7xs0s503u3u

COINDCX DISMISSES REPORT OF COINBASE ACQUISITION TALKS

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✍️ CoinDCX, India's largest crypto exchange, denies rumors of a potential acquisition by US rival Coinbase.

👉 CoinDCX denies rumors of a potential acquisition by Coinbase 👉 Coinbase was reportedly in advanced talks to acquire CoinDCX, valuing it at less than $1 billion 👉 CoinDCX is 'super focused' on building for India's crypto story and not up for sale 👉 Coinbase declined to comment on the rumors

-- #SumitGupta #India #Mumbai #US #technology

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Sumit Gupta India Mumbai US technology mainstream:perspective

7/30/2025

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“COINDCX NOT FOR SALE”: CEO SHUTS DOWN COINBASE BUYOUT TALKS AMID HACK SPECULATION

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✍️ CoinDCX, India's largest crypto exchange, has denied rumors of an acquisition by Coinbase, citing its focus on building for India's crypto story.

👉 CoinDCX has denied rumors of an acquisition by Coinbase 👉 CEO Sumit Gupta has publicly stated that the company is not for sale 👉 CoinDCX responded to a $44 million hack by launching a bounty program 👉 The company remains confident in its ability to maintain its independence

-- #SumitGupta #India #UnitedStates #technology

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Sumit Gupta India United States technology Technology:perspective

7/30/2025

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COINDCX FOUNDER DENIES COINBASE ACQUISITION TALKS FOLLOWING $44 MILLION HACK

https://cdn.decrypt.co/wp-content/uploads/2025/07/coindcx-decrypt-style-gID_7.jpg

✍️ CoinDCX's CEO denies reports that Coinbase is in talks to acquire the Indian crypto exchange for $1 billion.

👉 CoinDCX's CEO denies reports of a potential acquisition by Coinbase 👉 Coinbase views the potential acquisition as a 'long-term strategic bet' and a 'low-cost gamble' 👉 CoinDCX is 'super focused' on building for India's crypto story and is not up for sale 👉 Coinbase has been vocal about its ambitions in the Indian market

-- #SumitGupta #UpmanyuMisra #JohnO'Loghlen #India #technology

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Sumit Gupta Upmanyu Misra John O'Loghlen India technology Technology:perspective

7/29/2025

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TRADING PLATFORM WOO X PAUSES WITHDRAWALS AFTER $14M BREACH

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✍️ Crypto trading platform Woo X paused withdrawal services after a cybersecurity breach affected several accounts, leading to $14 million in losses.

👉 Woo X paused withdrawal services after a cybersecurity breach 👉 Nine user accounts experienced unauthorized withdrawals 👉 Losses amount to $14 million 👉 Withdrawals were paused to ensure additional safety 👉 Affected users have been contacted, and unauthorized withdrawals will be covered

-- #SumitGupta #technology

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7/24/2025

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HOW HACKERS STOLE $44M FROM COINDCX WITHOUT TOUCHING USER WALLETS

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✍️ India's largest crypto exchange, CoinDCX, was hacked, resulting in a $44.2 million theft, but customer funds were kept safe due to the exchange's security architecture.

👉 CoinDCX, India's largest crypto exchange, was hacked on July 19, 2025, resulting in a $44.2 million theft. 👉 The hack was linked to the Lazarus Group of North Korea, a state-sponsored hacking syndicate. 👉 CoinDCX's security architecture kept customer funds safe, but the exchange's slow reporting of the hack raised concerns among the crypto community. 👉 The hack was carried out with military precision, with attackers using a combination of tactics, including exploiting legitimate operational privileges and using a crypto mixer. 👉 CoinDCX has launched a bounty program offering up to 25% of any recovered funds to incentivize researchers and white hat hackers to help track and retrieve the stolen assets.

-- #SumitGupta #ZachXBT #DeddyLavid #India #NorthKorea #technology

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Sumit Gupta ZachXBT Deddy Lavid India North Korea technology Technology:perspective

7/24/2025

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INDIAN CRYPTO EXCHANGE COINDCX CONFIRMS $44M STOLEN DURING HACK

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✍️ India's largest crypto exchange CoinDCX has confirmed a security breach, where hackers stole millions of dollars in cryptocurrency from an internal account.

👉 Hackers stole millions of dollars in cryptocurrency from an internal account 👉 The breach did not affect customer funds 👉 CoinDCX is working with authorities to investigate the matter 👉 The exchange has launched a 'recovery bounty' program to recover stolen funds

-- #SumitGupta #ZachXBT #India #technology

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Sumit Gupta ZachXBT India technology mainstream:perspective

7/22/2025

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$44,200,000 VANISHES FROM CRYPTO EXCHANGE AFTER INTERNAL ACCOUNT COMPROMISED IN SERVER BREACH

https://dailyhodl.com/wp-content/uploads/2024/02/Hack-Turns-Into-Federal-.jpg?w=1024

✍️ CoinDCX, a major Indian crypto exchange, lost $44.2 million in a security breach, with an attacker siphoning funds from the exchange's internal operational account.

👉 CoinDCX lost $44.2 million in a security breach 👉 The breach affected the exchange's internal operational account, not customer wallets 👉 The exchange claims to be working to patch vulnerabilities, trace the movement of the funds, and block and recover the stolen assets 👉 ZachXBT alleges that the exchange took too long to disclose the incident and may be trying to hype up the exchange on social media

-- #SumitGupta #ZachXBT #technology

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Sumit Gupta ZachXBT technology Technology:perspective

7/21/2025

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INDIAN CRYPTO EXCHANGE COINDCX LAUNCHES BOUNTY HUNT AFTER $44 MILLION EXPLOIT

https://cdn.decrypt.co/wp-content/uploads/2025/05/Hacker-decrypt-style-02-gID_7.png

✍️ Indian crypto exchange CoinDCX announced it will offer up to 25% of recovered funds to help trace and retrieve assets stolen in a cyberattack that drained $44 million from one of its operational accounts.

👉 CoinDCX will offer up to 25% of recovered funds to help trace and retrieve stolen assets 👉 The breach targeted an account used solely for liquidity provisioning on a partner exchange 👉 No customer funds were impacted 👉 The exchange is calling on ethical hackers, white-hat researchers, and blockchain sleuths to trace the stolen funds 👉 The breach is part of a recent wave of exchange breaches

-- #SumitGupta #ZachXBT #DeddyLavid #ArjunVijay #VedangVatsa #NeerajKhandelwal #India #Singapore #technology

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Sumit Gupta ZachXBT Deddy Lavid Arjun Vijay Vedang Vatsa Neeraj Khandelwal India Singapore

7/21/2025

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COINDCX ANNOUNCES WHITE HAT RECOVERY BOUNTY AFTER $44M HACK

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✍️ Indian cryptocurrency exchange CoinDCX has announced a recovery effort after being hacked and losing $44 million worth of cryptocurrency. The company is offering a bounty to white hat hackers who can help recover the stolen funds.

👉 CoinDCX was hacked and lost $44 million worth of cryptocurrency 👉 The company's internal accounts used for 'liquidity provision' were exploited 👉 CoinDCX is offering a bounty to white hat hackers who can help recover the stolen funds 👉 The hack does not impact any of the company's customers or the platform's normal operation 👉 The incident is part of a renewed wave of exploits on centralized cryptocurrency exchanges

-- #SumitGupta #technology

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7/21/2025

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CRYPTO EXCHANGE COINDCX FALLS VICTIM TO $44 MILLION HACK – DETAILS

https://www.tradingview.com/x/Db1Od2dS/

✍️ Indian cryptocurrency exchange CoinDCX suffered a cybersecurity attack, resulting in the loss of $44 million, with the CEO assuring that user funds are safe and accounted for.

👉 CoinDCX suffered a server breach, resulting in the loss of $44 million 👉 The affected wallet address is only used for liquidity supply on a partner exchange 👉 All assets in user wallets are safe and accounted for 👉 The exchange is working with leading cybersecurity partners to investigate the matter 👉 The incident marks the latest major hack in the crypto industry

-- #SumitGupta #ZachXBT #technology

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Sumit Gupta ZachXBT technology Technology:perspective

7/20/2025

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INDIAN CRYPTO EXCHANGE COINDCX GETS REPORTEDLY HACKED FOR $44M

https://media.zenfs.com/en/thestreet_881/38500479ff07293f23569f72de221e1b

✍️ Indian crypto exchange CoinDCX has reportedly been hacked, resulting in the theft of nearly $44.2 million.

👉 CoinDCX has been hacked, resulting in the theft of nearly $44.2 million 👉 The hack occurred when an attacker accessed CoinDCX's internal operational account 👉 Customer funds were not impacted and are safe in the exchange's cold wallet infrastructure 👉 The exchange is working to recover the stolen funds 👉 CoinDCX has launched a bug bounty program

-- #SumitGupta #NeerajKhandelwal #ZachXBT #technology

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Sumit Gupta Neeraj Khandelwal ZachXBT technology mainstream:perspective

7/19/2025

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INDIAN CRYPTO EXCHANGE COINDCX HACKED, $44 MILLION DRAINED

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✍️ Indian cryptocurrency exchange CoinDCX was hacked, resulting in the loss of $44 million due to a sophisticated server breach.

👉 CoinDCX was hacked on Friday, resulting in the loss of $44 million. 👉 The hackers compromised an internal account used for 'liquidity provisions' with another exchange. 👉 No user funds were affected, and all customer funds remain safe. 👉 The stolen funds were traced back to the attacker's address, which was funded with 1 Ether from Tornado Cash and later bridged a portion of the stolen funds from Solana to Ethereum.

-- #SumitGupta #ZachXBT #technology

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Sumit Gupta ZachXBT technology Technology:perspective

7/19/2025

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INDIAN CRYPTO EXCHANGE COINDCX DENIES MOVING USER FUNDS AFTER WAZIRX ALLEGATIONS

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✍️ CoinDCX's CEO denies allegations that the exchange moved user funds to non-compliant entities in Lithuania, citing regulatory compliance and transparency.

👉 CoinDCX's CEO denies allegations of moving user funds to non-compliant entities in Lithuania 👉 Exchange only engaged with third-party entities to explore global expansion 👉 No user funds were ever moved to or held by any Lithuania-based entity 👉 CoinDCX updated its Terms of Use to strengthen transparency and user trust 👉 Exchange remains committed to user safety, transparency, and regulatory compliance

-- #SumitGupta #Lithuania #India #Singapore #technology

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Sumit Gupta Lithuania India Singapore technology mainstream:perspective

7/14/2025

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INDIAN CRYPTO EXCHANGE COINDCX DENIES MOVING USER FUNDS AFTER WAZIRX ALLEGATIONS

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✍️ Indian crypto exchange CoinDCX's CEO Sumit Gupta denies allegations that the exchange moved user funds to non-compliant entities in Lithuania, stating that all user funds are held by a registered entity in India.

👉 CoinDCX's CEO, Sumit Gupta, denies allegations that the exchange moved user funds to non-compliant entities in Lithuania 👉 Gupta claims that all user funds are held by Neblio Technologies, a registered entity in India 👉 No business was ever conducted by CoinDCX in Lithuania 👉 CoinDCX updated its Terms of Use to make Neblio Technologies the formal contracting party

-- #SumitGupta #India #Lithuania #Singapore #technology

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Sumit Gupta India Lithuania Singapore technology Technology:perspective

7/12/2025

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INDIA IS RETHINKING STRICT CRYPTO REGULATIONS—BUT TAX BURDEN PERSISTS

https://cdn.decrypt.co/wp-content/uploads/2024/09/india-bitcoin-btc-gID_7.jpg

✍️ India is re-evaluating its crypto stance, potentially pushing back the release of a discussion paper on digital assets, as global shifts and changes in other jurisdictions influence its policy.

👉 India is re-evaluating its crypto stance in light of global shifts and changes in other jurisdictions. 👉 The country may delay the release of a discussion paper on digital assets, originally set for September 2024. 👉 The Indian government has introduced amendments to the Income Tax Act, which will bring undisclosed crypto gains under Section 158B. 👉 A 70% penalty will be imposed on unpaid taxes, and a 30% tax on crypto gains will remain in place. 👉 The 1% Tax Deducted at Source (TDS) on every crypto transaction will also stay in place.

-- #AjaySeth #SaravananPandian #NirmalaSitharaman #SumitGupta #AshishSinghal #technology

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Ajay Seth Saravanan Pandian Nirmala Sitharaman Sumit Gupta Ashish Singhal technology Technology:perspective

2/3/2025

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CRYPTO THRIVES IN INDIA DESPITE ‘DISCOURAGING’ TAXES — LOCAL COMMUNITY

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✍️ India's cryptocurrency adoption has been thriving despite the government's "discouraging" crypto trading taxes, with over 100 million Indians owning crypto.

👉 India's crypto ecosystem has been thriving despite harsh taxation requirements 👉 Over 100 million Indians own crypto 👉 The country's crypto ecosystem has gained momentum 👉 Many exchanges offer seamless fiat-to-crypto conversion systems 👉 India remains one of the most vibrant markets for crypto

-- #RajKarkara #AjayKashyap #SumitGupta #BalajiSrihari #India #technology

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Raj Karkara Ajay Kashyap Sumit Gupta Balaji Srihari India technology Technology:perspective

11/28/2024

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Filtering by: Sumit Gupta · clear filter

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COINDCX REPORT SHOWS INDIAN USERS MOVING TO BROADER CRYPTO PORTFOLIOS IN 2025

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✍️ CoinDCX's Sumit Gupta believes that cryptocurrency is becoming a natural extension of traditional investing as Indian traders mature.

-- #SumitGupta #technology

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12/4/2025

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ASIAN CRYPTO ROUNDUP: COINBASE EXTENDS FOOTPRINT, JAPAN BANS INSIDER TRADING, BINANCE RELAUNCHES IN SOUTH KOREA

https://media.zenfs.com/en/99bitcoins_us_315/21b71cdcf984074e094f2980fcaf9367

✍️ The Asian crypto landscape is booming, with countries competing in crypto adoption, new regulations, and institutional inflows.

-- #SumitGupta #ShanAggarwal #India #Japan #SouthKorea #Vietnam #technology

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Sumit Gupta Shan Aggarwal India Japan South Korea Vietnam technology mainstream:perspective

10/20/2025