India's largest exchange curbs crypto futures trading as Binance incident disrupts liquidity

India's largest cryptocurrency exchange, CoinDCX, has temporarily restricted new futures positions following a security incident at its key liquidity provider, Binance. CoinDCX stated that deposits and withdrawals remain operational and customer funds are secure, though no timeline has been provided for restoring normal futures trading. Binance reported an estimated $6.3 billion impact from the security incident, which early findings attribute to a compromised employee laptop enabling unauthorized withdrawals. Open article →