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Indian Cricketer Has a Shocking Response to Crypto Haters
Gautam Gambhir, India's former cricketer and the current coach of the Indian cricket team, recently took aim at those calling crypto a "fad."
"Guess what? 2 Crore+ Indians disagree," he wrote on X on Aug. 6.
The figure of 20 million (2 crore) refers to the user base the Indian crypto exchange CoinDCX seems to be boasting of, with Gambhir being a brand ambassador.
While the celebrity player tagged CoinDCX, the community notes underlined that he has repeatedly promoted the brand in the past without any mandated disclosures.
CoinDCX is one of the largest crypto exchanges in India, and the country itself boasts of one of the largest numbers of crypto users in the world.
CoinDCX Attempts to Gain Confidence
It was on July 19 that the on-chain sleuth ZachXBT revealed CoinDCX getting drained of nearly $44.2 million in a heist — exactly a year after another Indian crypto exchange WazirX got hacked for $234 million.
CoinDCX co-founder and CEO Sumit Gupta later acknowledged the attack and claimed that the exploit didn't impact any customer funds. The loss will be absorbed from CoinDCX's own treasury reserves, he had said.
The exchange launched a recovery bounty program on July 25, promising up to 25% of any recovered funds to parties who can help retrieve the stolen crypto assets. A police investigation is ongoing.
CoinDCX's latest branding move is intended as a confidence-building measure after the drastic incident.
This article has been published on TheStreet via Yahoo News.
