Recently two of India’s major cryptocurrency exchanges CoinDCX and WazirX have become victims of serious cyber attacks. CoinDCX suffered a loss of around Rs. 378 crore (about 44 million dollars) due to a breach in one of its internal accounts. This hacking incident took place on July 19. Last year crypto exchange WazirX was also hit by a major cyber attack just like the recent one at CoinDCX. In that incident hackers stole user holdings worth about USD 230 million (around Rs. 1983 crore). Over the last few years India has seen multiple cyber fraud cases in the crypto sector and now CoinDCX has also joined the list of affected companies. The total value of both attacks adds up to a shocking Rs. 2361 crore. Let’s take a quick look at the people behind these two popular crypto exchanges: WazirX Founded by Nischal Shetty Nischal Shetty is the founder and CEO of WazirX one of India’s top cryptocurrency platforms. He is from Mumbai and studied computer science at Visvesvaraya Technological University and graduated in 2007. He started his career as a software developer. In 2010 he launched his first startup called Crowdfire a social media management app that became quite popular. In 2018 Nischal started WazirX to help more people in India learn about and use cryptocurrency. The platform grew very fast and got over 1 crore (10 million) users. In 2019 it was bought by Binance the world’s biggest crypto exchange. Later in 2022 Nischal started a new project called Shardeum. It’s a blockchain platform that is built to work for a large number of users. Its goal is to make blockchain technology easier to use and more helpful for everyone. As per a recent Business Today report Nischal Shetty and WazirX co-founder Siddharth Menon have moved to Dubai but WazirX still has offices in Mumbai and Bengaluru. Who owns CoinDCX? While WazirX has been in the spotlight CoinDCX another major Indian crypto exchange also made headlines after the recent cyber attack. CoinDCX was founded in 2018 by Sumit Gupta and Neeraj Khandelwal. Sumit Gupta an IIT Bombay graduate is the current CEO of the company. At just 19 years old he started his first business and also worked at a multinational company in Tokyo.