CoinDCX Hack: Worker Dey Dupe, $44M Solana & USDT Don Stole
CoinDCX waka happen for July 19 when bad guys use fake work offer make dem fool one worker make e run some task for im company laptop. Dis social engineering attack give dem access to inside systems. Them use the worker corporate power comot $44.2 million for Solana (SOL) and Tether (USDT) from liquidity wallet via Jupiter aggregator. Bengaluru police don catch software engineer Rahul Agarwal, but e no clear if e involve or na as dem deceive am. Authorities dey find outside wallet make dem fit recover the money, CoinDCX dey offer bounty of like 25% of the money wen dem recover. The exchange cover all customer loss from im own money, make sure sey user fund safe. This CoinDCX hack show how insider wahala and social engineering dey increase, cause make dem talk say make dem tighten internal security for crypto trading.
Bearish
Di CoinDCX hack drain plenty SOL from liquidity pool, e reduce circulating supply and e weaken confidence for Solana security. For short term, traders fit dey sell their holdings because risk don high, this one go put pressure for SOL price to drop. For long term, even though stricter security fit bring back trust, ongoing worry about insider menace fit make market people no too happy. Overall, the breach fit mean bad news for SOL.