CoinDCX Hack Show $44M Leak, E Force Security Make Better
Di CoinDCX hack make pesin lose $44 million after som pipo use their internal hot wallet do bad. Blockchain investigator ZachXBT follow dia money as e waka from Solana (SOL) go Ethereum (ETH). CoinDCX CEO Sumit Gupta tok say dem customer own money no loss because dem cold wallets dey separate. The exchange block the bad hot wallet and dem go pay the lose from their treasury money. CoinDCX get cybersecurity experts to find and collect back the stolen money, block suspicious addresses, and dem beg traders make dem no panic. As response to the CoinDCX hack, the platform go start bug bounty program and make security stronger. After last year $235 million WazirX hack, dis one show say crypto exchanges still get risk and better security na important.
Neutral
Di brek bin target operashonal hot wallet, no di customer deposit dem, an di asset dem we dey inside cold storage no suffer wahala. Even though di incident show sey exchange get security risk dem, di quick control and strong cold wallet system don stop any selling off of SOL or ETH. Traders fit dey watch how dem go take recover plus di coming bug bounty program, but di way dem dey handle user money secure make market no no panic. Overall, di effect on SOL and ETH price go just small.