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Title: “CoinDCX Not for Sale”: CEO Shuts Down Coinbase Buyout Talks Amid Hack Speculation
In a bold statement on social media platform X, CoinDCX CEO Sumit Gupta has effectively shut down rumors of an acquisition by Coinbase. The announcement comes amid speculation surrounding the $44 million hack that rocked the exchange and sparked concerns about its resilience.
Gupta’s response was swift and decisive, firmly quashing any notions of a sale, stating “Ignore the rumors! CoinDCX is super focused on building for India’s crypto story and not up for sale.” This public denial likely aims to address investor anxiety and reinforce confidence in the company amid the recent hack.
Source: bitcoinist.com
