30.07.2025 07:30

CoinDCX CEO categorically denied rumors of a potential acquisition by Coinbase, effectively quashing speculation surrounding a possible buyout. The denial comes amidst swirling conjecture about a recent security breach impacting the Indian cryptocurrency exchange.

Reports of a Coinbase takeover bid emerged recently, sparking significant interest within the cryptocurrency community. However, the CoinDCX CEO swiftly and decisively refuted these claims, asserting the company's continued independence and commitment to its existing trajectory.

The timing of the denial is particularly noteworthy, coinciding with unsubstantiated allegations of a data breach at CoinDCX. While the nature and extent of any alleged breach remain unclear, the timing fueled speculation linking the supposed hack to potential takeover negotiations. The CEO's statement aimed to alleviate concerns from investors and users alike.

Despite the denial, uncertainty lingers regarding the veracity of the hack allegations. Further clarification from CoinDCX is anticipated to fully address the situation and restore confidence within the market. The absence of concrete details surrounding the supposed security incident contributes to ongoing speculation. Independent sources verify that the CEO's statement was issued in response to widespread rumors sourced from internet sources.