“Ignore the Rumors”: CoinDCX CEO Shuts Down Talk of a Post-Hack Sale to Coinbase

• CoinDCX CEO denies $900M Coinbase acquisition rumors after $44M security breach.
• Coinbase remains silent on alleged deal, maintains FIU registration and India stakes.
• CoinDCX affirms independence, says it remains focused on India’s crypto development.

Sumit Gupta, the CEO of Indian cryptocurrency exchange CoinDCX, has publicly rejected claims that the platform is in talks to be acquired by the U.S.-based exchange Coinbase. 

The denial follows growing speculation that Coinbase was seeking to purchase CoinDCX at a discount, rumors that emerged after a recent $44 million hack impacted CoinDCX’s operations.

Sumit Gupta: “CoinDCX is not for sale”

In a statement posted on the social media platform X, Gupta directly addressed the reports, stating that CoinDCX is not for sale and remains committed to its mission in India.

Related: CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty

He wrote, “Ignore the rumours! CoinDCX is super focused on building for India’s crypto story and not up for sale!”

Just got up and saw this news!

Ignore the rumours! CoinDCX is “super focused” on building for India’s crypto story and not up …

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