Archive · 20 Jul 2025
CoinDCX Crypto Exchange Suffers Server Breach, Loses ₹379 Crore
Imagine a digital bank, CoinDCX, where people keep their digital money.
Someone broke into one of CoinDCX's accounts, used for special tasks, and took some money.
The company says this won't affect users' money and trading.
The hackers moved the money using a special bridge between different digital money systems.
CoinDCX is working to get the stolen money back and has asked people not to panic sell their digital money.
The company is making sure regular transactions are still working.
Another similar attack happened at another crypto exchange, WazirX, last year.
Experts are reminding everyone how important it is to protect against cyberattacks.
CoinDCX, a cryptocurrency exchange, lost around ₹379 crore due to a server breach.
The breach compromised an internal operational account used for liquidity provisioning.
Customer assets and trading activities remain unaffected, with all customer assets safe.
The company is working with crypto forensics agencies to recover lost funds.
The attack involved the Solana-Ethereum bridge, with funds moved in batches to a single ETH wallet.
- Who
- CoinDCX, a cryptocurrency exchange, was affected.
- What
- CoinDCX lost around ₹379 crore after a server breach.
- When
- The breach was announced on July 20, 2025. The hack occurred on Saturday.
- Where
- The breach affected CoinDCX's internal operational account.
- Why
- The breach was caused by a sophisticated server attack.
User Concerns
Company Response
Transparency
User Concerns
Users expressed concern over the 17-hour delay in announcing the hack and questioned the company's ability to repay.
Company Response
The company stated that they were finalizing the investigation and awaiting security approvals before the announcement.
- Loss Amount
- ₹379 crore
- Affected Account
- Internal operational account
- Customer Assets
- Safe
- Funds Movement
- Solana-Ethereum bridge
- ETH in Single Wallet
- 4,443 ETH (~$15.7 million)
- Dormant SOL
- 155,830 SOL (~$27.6M)