Indian cryptocurrency alternate CoinDCX was hacked on Friday, leaving the alternate drained of $44 million.
The hackers compromised one in every of CoinDCX’s inside accounts used for “liquidity provisions” with one other alternate via a server breach.
No consumer funds had been affected as a result of exploit, in keeping with CoinDCX CEO Sumit Gupta. The CEO additionally mentioned that each one buyer funds stay secure and wrote:
“The incident was rapidly contained by isolating the affected operational account. Since our operational accounts are segregated from buyer wallets, the publicity is just 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 mentioned.
Cointelegraph reached out to CoinDCX for remark however was unable to acquire a response by the point of publication.
Analyst Infinity Hedge famous that widespread Indian alternate WazirX was hacked for $235 million on this precise date, one yr in the past — a reminder of the persistent cybersecurity threats going through the crypto trade and traders.
It is a creating story, and additional data will probably be added because it turns into accessible.
Associated: Crypto losses hit $2.5B in first half of 2025, however hacks fall in Q2: CertiK
