Indian cryptocurrency exchange CoinDCX has established an investor protection fund designed to “compensate users for losses in extremely rare cases such as security breaches,” co-founder Sumit Gupta said, adding that the initial fund will hold nearly $6 million, funded entirely from its profits. The decision comes after WazirX was hit by a $230 million hack last month. Gupta was one of the first to criticize WazirX’s proposed customer funds management plan after the hack. (CoinDesk)