CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue

DCX Group had an annual revenue of ₹1,179 Cr (~$136 million) The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding The CEO’s statement came after CoinDCX was hacked for approx $44.2 million a few days ago In a detailed statement on X , Sumit Gupta, CEO of CoinDCX, addressed how the exchange remains financially strong despite a recent, major security breach. Gupta shared internal data showing that the DCX Group (CoinDCX in India, BitOasis in UAE and Bahrain, and Okto Web3, which is a Web3 wallet developed by CoinDCX) had an annual revenue of ₹1,179 Cr (~$136 million), annual transaction volume of ₹13.7 Lakh Cr (~$158 billion), and assets under custody over ₹10,000 Cr (~$1.15 billion). The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding. Gupta also mentioned and thanked their 19 million customers, ending the post by saying: “CoinDCX is here to stay, lead, and grow!” CEO statement follows the recent $44.2M hack The CEO�… The post CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue appeared first on Coin Edition .

Source: Coin Edition