Archive · 20 Jul 2025
CoinDCX Exchange Hacked, Losing $44 Million in Security Breach
Imagine a bank that holds digital money, called CoinDCX.
Someone broke into one of CoinDCX's special accounts and stole about $44 million.
This account was used for managing money, not for keeping customers' money safe.
CoinDCX says your money is still safe, and they'll pay back the money that was stolen.
They are working with experts to find out what happened and prevent it from happening again.
The company also told its customers to stay calm and wait for more news.
CoinDCX, an Indian cryptocurrency exchange, experienced a security breach.
The hack led to a loss of approximately $44 million (Rs 368 crore).
The compromised account was for liquidity operations and did not store user assets.
CoinDCX's treasury reserves will cover the losses, and the platform is live again.
The company is investigating with cybersecurity partners and planning a bug bounty program.
- Who
- CoinDCX, an Indian cryptocurrency exchange.
- What
- CoinDCX, a cryptocurrency exchange, was hacked resulting in a loss of approximately $44 million.
- When
- Early on Saturday (implied).
- Where
- CoinDCX, based in India.
- Why
- The hack occurred due to a server breach.
CoinDCX
N/A
Security Response
CoinDCX
The company is working with cybersecurity partners to investigate and patch vulnerabilities
N/A
N/A
User Funds
CoinDCX
The company assures users that their personal funds are safe.
N/A
N/A
- Company
- CoinDCX
- Location
- India
- Loss Amount
- $44 million (approx. Rs 368 crore)
- Affected Account
- Liquidity operations
- User Funds
- Unaffected
- Response
- Investigation, bug bounty program