Indian cryptocurrency trade CoinDCX was hacked on Friday, leaving the trade drained of $44 million.
The hackers compromised considered one of CoinDCX’s inside accounts used for “liquidity provisions” with one other trade by a server breach.
No consumer funds had been affected because of the exploit, according to 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 absolutely absorbed by us, from our personal treasury reserves.”
“The attacker’s tackle 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 well-liked 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 going through the crypto trade and traders.
This can be a creating story, and additional data will probably be added because it turns into obtainable.
Associated: Crypto losses hit $2.5B in first half of 2025, but hacks fall in Q2: CertiK
