US Edition
Indian Crypto Exchange CoinDCX Suffers $44M Hack
INDIA, JUL 19 – Hackers exploited a server-side vulnerability to steal $44.2 million from an internal wallet, with CoinDCX covering losses from its treasury and continuing normal operations.
- On July 19, 2025, Indian cryptocurrency exchange CoinDCX experienced a security incident involving unauthorized access to an internal operational account dedicated solely to managing liquidity on an affiliated exchange.
- The breach resulted from unauthorized access due to a sophisticated server attack that compromised this specific operational account without affecting customer wallets.
- CoinDCX detected the incident quickly, isolated the affected infrastructure, and confirmed that customer assets remained fully safe and accessible, with normal trading and withdrawal operations continuing.
- CoinDCX incurred a loss of approximately $44 million, which is being fully covered by the company’s treasury funds. CEO Sumit Gupta emphasized that this incident did not affect any customer funds, which remain secure and accessible.
- The incident reiterates the increasing security threats facing crypto platforms globally, prompting CoinDCX to work with partners and CERT-In to investigate and prevent similar future breaches.
68 Articles
68 Articles
Hackers Drain $44 Million From CoinDCX
CoinDCX, one of India’s largest crypto exchanges, was hacked on Saturday, with around $44 million drained from one of its internal operational accounts. Security firm Cyvers and onchain sleuth ZachXBT found that the attacker’s wallet was initially funded with 1 ETH via crypto mixer Tornado Cash. A portion of the stolen funds were then bridged from Solana to Ethereum to obscure their trail. The exchange’s CEO Sumit Gupta, and co-founder Neeraj Kh…
CoinDCX hit by $44.2 mn security breach; founders say customer funds unaffected, safe
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal took to the social media platform X to address the situation, confirming that the attack was the result of a sophisticated server breach, targeting an internal wallet, not the ones holding customer assets
Crypto platform CoinDCX loses Rs 368 crore in major hack, user funds safe, investigation underway
In a major cybersecurity breach, CoinDCX, one of India's cryptocurrency exchanges, has confirmed a hacking attack that led to a loss of around USD 44 million (nearly Rs 368 crore). The hack took place early on Saturday and targeted one of the company's internal operational accounts. However, the Mumbai-based crypto platform has assured users that their personal funds are completely safe. In a statement, CoinDCX clarified that the compromised acc…
Crypto-exchange CoinDCX hacked: $44 million gone in a blink — Here’s all you need to know
CoinDCX confirmed a $44 million security breach, but assured customers their assets are secure. The co-founder advised against panic selling. Here's how the company will cover the losses.
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