CoinDCX's CEO Sumit Gupta has dismissed rumors of a potential acquisition by Coinbase, emphasizing the company's commitment to India's crypto market. A report suggested that Coinbase might acquire CoinDCX for under $1 billion, reflecting a significant decrease from its 2021 valuation of $2.2 billion. CoinDCX recently dealt with a security breach but confirmed that assets remained safe.

Indian crypto exchange CoinDCX has confirmed that approximately $44 million was stolen during a recent hack. The exchange is working to secure its platform and is investigating the breach to prevent future incidents.