A major cryptocurrency exchange recently acknowledged a significant security breach involving a former support staff member in India. The incident resulted in over $400 million in damages, highlighting critical vulnerabilities in employee access controls within the industry. Local law enforcement in Hyderabad played a key role in apprehending the individual responsible. Beyond the crisis management, the exchange is doubling down on its India strategy, currently maintaining a workforce exceeding 500 employees in the region. This expansion reflects growing confidence in the Indian market despite the setback, signaling that major players view South Asia as crucial for long-term growth in crypto adoption and institutional presence.