Clarifying Recent Media Misreports: A media outlet today reported instances of fraud related to the use of the CoinDCX App. I want to personally address this matter and provide clarity.

After thorough investigation, we can confirm that these reports do not pertain to any incidents on the CoinDCX App or website. The safety and security of our users remain intact and uncompromised.

The issue at hand seems to be a case of fake website scams, a pervasive challenge in the fintech sector, affecting many players, including cryptocurrency apps. We're not immune to these external threats, but we're committed to fighting them.

Our security team is continuously on high alert, conducting rigorous checks to identify and tackle these fraudulent websites. In fact, we have identified and reported over 80 such websites masquerading as CoinDCX to CERT (Cyber Emergency Response Team).

Recognizing the unsettling nature of these scams, we are intensifying our efforts to educate our users through various channels. We believe in the power of community vigilance and encourage you to exercise caution and report any suspicious activities. Together, we can create a more secure digital environment.

Rest assured, we are not just proactive internally; we also collaborate with cyber cells and the Ministry of Electronics and Information Technology (MeiTY) to address these issues effectively.

🔗 Stay Informed and Safe: For more information on how to stay vigilant against such scams, please refer to our detailed guides:

1. How to Avoid Common Crypto Scams -https://lnkd.in/ggHSREa9
2. Staying Vigilant Against Telegram Impostors and Phishing Schemes -https://lnkd.in/g88b6efx

As we navigate these challenges, your trust and security continue to be our highest priorities. We are committed to safeguarding your interests and ensuring a safe trading environment. Thank you for your continued support and trust in CoinDCX. Stay Safe, Stay Alert! ✊
#coindcx #coindcx #CryptoPredictions2024 #scamcrypto #crypto

Mumbai-headquartered cryptocurrency exchange CoinDCX on Tuesday said it has laid off nearly 12% of its workforce amid rising challenges in the crypto space and overall macroeconomic hurdles faced by startups.

In a blog post, founders Sumit Gupta and Neeraj Khandelwal said the crypto exchange will support the impacted employees with necessary assistance and resources.

“We have put together a support package consisting of severance pay equivalent to the full notice period, additional one month of salary, variable pay and incentives dues, encashment of unutilised leaves, extension of health insurance & wellness benefits and access to counseling support,” the post read.

#coindcx #bitcoin #cryptocurrency #layoffs #cryptoonindia