Indian cryptocurrency trade CoinDCX was hacked on Friday, leaving the trade drained of $44 million.
The hackers compromised one in every of CoinDCX’s inner accounts used for “liquidity provisions” with one other trade via a server breach.
No person funds have been affected because of the exploit, according to CoinDCX CEO Sumit Gupta. The CEO additionally stated that every one buyer funds stay secure and wrote:
“The incident was shortly contained by isolating the affected operational account. Since our operational accounts are segregated from buyer wallets, the publicity is simply restricted to this particular account and is being totally absorbed by us, from our personal treasury reserves.”
“The attacker’s handle was funded with 1 Ether (ETH) from Twister Money and later bridged a portion of the stolen funds from Solana to Ethereum,” onchain sleuth ZachXBT said.
Cointelegraph reached out to CoinDCX for remark however was unable to acquire a response by the point of publication.
Analyst Infinity Hedge noted that fashionable Indian trade WazirX was hacked for $235 million on this actual date, one 12 months in the past — a reminder of the persistent cybersecurity threats dealing with the crypto trade and buyers.
This can be a creating story, and additional info might be added because it turns into out there.
Associated: Crypto losses hit $2.5B in first half of 2025, but hacks fall in Q2: CertiK
