Indian cryptocurrency trade CoinDCX was hacked on Friday, leaving the trade drained of $44 million.
The hackers compromised one among CoinDCX’s inner accounts used for “liquidity provisions” with one other trade by a server breach.
No person funds had been affected because of the exploit, in response to CoinDCX CEO Sumit Gupta. The CEO additionally mentioned that every one buyer funds stay protected 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 barely 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 common Indian trade WazirX was hacked for $235 million on this precise date, one yr in the past — a reminder of the persistent cybersecurity threats dealing with the crypto business and traders.
This can be a creating story, and additional info can be added because it turns into accessible.
Associated: Crypto losses hit $2.5B in first half of 2025, however hacks fall in Q2: CertiK
