Leading Indian cryptocurrency trading platform CoinDCX recently announced the establishment of an investor protection fund worth nearly $6 million (approximately 5 billion Indian Rupees). This initiative aims to provide necessary compensation for users in rare cases of security breaches, thereby safeguarding their digital assets. The move reflects CoinDCX's high regard for user asset security and its responsible approach. The funds for this initiative are sourced entirely from the company's operational profits, without relying on external funding. This decision was made following a significant hack at WazirX last month, which resulted in the theft of about 45% of customer funds, causing losses of approximately $230 million. In response to this major security incident, Sumit Gupta, one of CoinDCX's co-founders, had questioned WazirX's strategy for managing customer funds.