Binance Hack Fallout: India's Top Crypto Exchange Curbs Futures Trading

India's CoinDCX has restricted new futures positions following liquidity disruptions caused by the Binance hack, as experts assess stolen bitcoin is unrecoverable.

The fallout from the cyberattack on crypto exchange Binance continues to reverberate across the digital asset industry. CoinDCX, India's largest cryptocurrency exchange, has curbed new futures positions after the Binance incident disrupted a key liquidity provider, CoinDesk reported. The Indian platform noted that deposits, withdrawals, and customer funds remain unaffected.

Meanwhile, crypto wallet firm Ballet assessed that the bitcoin stolen in the hack is likely gone and unrecoverable, Bloomberg reported. According to Business Insider, major trading platforms continue to investigate the extent of recent security breaches.

Further details regarding the broader impact on crypto futures markets have not yet been released.