Archive · 20 Jul 2025
CoinDCX Suffers $44.2M Hack, Assures Customer Funds Safe
Imagine a bank for digital money called CoinDCX got hacked.
Someone broke into one of their special accounts that helps the bank with its money.
They stole about $44.2 million, but luckily, customer's money is safe because it is stored in a special protected place.
The company's owners said that trading and withdrawals are working.
The company is fixing things and looking into what happened, and the government is helping too.
If you want to take out a small amount of money, it will take a few hours, but larger amounts will take up to three days.
CoinDCX, an Indian cryptocurrency exchange, reported a $44.2 million loss due to a security breach.
The breach targeted an operational account used for liquidity provisioning, not customer wallets.
Co-founders Sumit Gupta and Neeraj Khandelwal confirmed customer funds are safe and trading continues.
The breach occurred around 4 AM IST on July 19, and CERT-In is investigating.
Withdrawals are being processed, with smaller amounts processed within 5 hours.
- Who
- CoinDCX, a cryptocurrency exchange, was the victim of the breach.
- What
- CoinDCX experienced a $44.2 million loss due to a security breach.
- When
- The breach occurred around 4 AM IST on July 19.
- Where
- The breach affected an account used by the Indian cryptocurrency exchange, CoinDCX.
- Why
- The cause of the breach is under investigation.
CoinDCX
Customers
Safety of Customer Funds
CoinDCX
Customer assets are safe.
Customers
Customer assets were at risk.
- Company
- CoinDCX
- Loss Amount
- $44.2 million
- Date of Breach
- July 19
- Affected Account
- Operational account for liquidity provisioning
- Customer Funds
- Unaffected
- Withdrawals
- INR withdrawals are operational
- Investigation
- CERT-In and global forensic teams involved