Archive · 26 Sep 2025
CoinDCX CEO on Security Breach and Entrepreneurial Journey
Sumit Gupta, the boss of CoinDCX, talked about a time when the company got hacked, losing $44 million.
Hackers tricked employees to steal money.
Luckily, customer money in safe places wasn't touched, and everyone could still get their money out.
Gupta learned a lot, especially about how to stay calm in a crisis.
He grew up in a small village and started businesses with his dad, which helped him become a successful leader.
Gupta and his friend started CoinDCX together, working hard and never giving up.
He now has a busy life, waking up early, spending time with his wife, and playing sports.
CoinDCX, an Indian crypto exchange, faced a $44 million security breach.
The breach was a social engineering attack targeting employees.
Customer funds in cold wallets were not affected by the breach.
The company ensured all customer withdrawal requests were fulfilled.
CEO Sumit Gupta discussed his entrepreneurial background and handling of the crisis.
- Who
- Sumit Gupta, CEO of CoinDCX
- What
- Discussed a $44 million security breach and his entrepreneurial journey.
- When
- Interviewed after a security breach in July.
- Where
- India
- Why
- To share how the company handled the crisis.
- Company
- CoinDCX
- CEO
- Sumit Gupta
- Breach Amount
- $44 million
- Breach Type
- Social engineering attack
- Customer Funds Affected
- Working capital on partner exchanges
- Co-founder
- Neeraj Khandelwal