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Indian Crypto Exchange CoinDCX Suffers $44M Hack

INDIA, JUL 19 – CoinDCX suffered a $44 million loss from an internal wallet breach but secured customer funds and will cover losses from its treasury, working with experts to recover stolen assets.

  • On July 19 at 4 a.m., CoinDCX detected unauthorized access to an internal operational account, resulting in a $44 million exposure, according to the CoinDCX security report.
  • That breach followed Sumit Gupta, co-founder & CEO, CoinDCX, saying a 'sophisticated server breach' enabled the hack and noting the $230 million WazirX breach nearly a year ago.
  • Soon after the breach confirmation, the Web3 platform was paused and then relaunched, while users rushed to withdraw funds.
  • The company assured that customer funds remain safe, noting trading and INR withdrawals stayed operational and losses are fully absorbed by treasury reserves.
  • This incident highlights ongoing crypto security threats, with detailed forensics underway by India’s Computer Emergency Response Team , and plans for a bug bounty programme to strengthen defenses.
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Indian crypto exchange CoinDCX confirms $44 million stolen during hack

The crypto exchange, the largest in India, said it plans to absorb the costs of the breach.

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Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide… broke the news in on Saturday, July 19, 2025.
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