ZachXBT Warns Users to Withdraw Assets from CoinDCX, Calls Co-Founders "a Bunch of Clowns"

Odaily reports: "On-chain detective" ZachXBT issued a warning to users, stating that if they value the security of their assets, they should withdraw all funds from Indian cryptocurrency exchange CoinDCX. He accused CoinDCX's co-founders of previously denying that a theft had occurred in both public and private communications, only to later disclose an incident involving approximately $16 million in stolen assets, arguing that the exchange failed to transparently disclose the situation to the public in a timely manner.

ZachXBT also stated that CoinDCX's co-founders are a bunch of clowns who run the exchange like a circus. This is not the first time CoinDCX has encountered such problems, and he included other Indian centralized exchanges such as WazirX and BitBNS in his criticism as well.