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CoinDCX lost $44 million due to a server breach, but user funds remained secure and unaffected.The attacker laundered funds across blockchains, moving assets from Solana to Ethereum after using Tornado Cash.CoinDCX’s breach adds to recent global crypto hacks, with over $2.5 billion in total losses in H1 2025.Source: Cryptonewslad On Friday, Indian cryptocurrency exchange CoinDCX suffered a severe cybersecurity breach, resulting in a loss of $44 million. The company’s CEO and co-founder, Sumit Gupta, confirmed that the attack targeted one of the exchange’s internal operational accounts. This account was used for liquidity provisioning with an external platform and was accessed through a sophisticated server compromise.
🪙 Internal Account Breached, No Customer Funds LostCoinDCX clarified that the attacker only gained access to a single operational wallet. The exchange reported that user wallets remained unaffected, and the breach did not impact customer assets. According to Gupta, the compromised account was swiftly isolated, preventing further movement of funds. He added that the losses would be covered entirely from the company’s own treasury reserves.Blockchain investigator ZachXBT reported that the attacker’s wallet received one Ether from Tornado Cash before initiating the exploit. The perpetrator later moved part of the stolen funds from Solana to Ethereum, indicating cross-chain laundering. This maneuver aimed to complicate tracking efforts and obscure the digital trail of the stolen assets.The hack on CoinDCX occurred exactly one year after Indian exchange WazirX experienced a similar attack. On the same date last year, WazirX was exploited for $235 million, highlighting the ongoing threats facing crypto platforms. This recurrence has drawn attention to the need for stronger internal security within centralized exchanges.
🎯 Crypto Hacks Continue Worldwide in JulyThe CoinDCX incident joins a series of recent hacks targeting exchanges globally. On June 18, Iranian crypto exchange Nobitex was breached by a politically motivated hacker group named “Gonjeshke Darande.” This attack led to the loss of $100 million and the public release of the exchange’s source code.On July 9, a vulnerability in GMX V1, a decentralized exchange protocol on the Arbitrum network, led to another breach. The hacker extracted $40 million but later returned the funds after negotiating a $5 million white hat bounty. This marked one of the few recent cases where stolen crypto assets were recovered. Just days later, Arcadia Finance, a decentralized finance platform, fell victim to a smart contract exploit. Attackers drained $3.5 million from the protocol through a vulnerability in its deployed contracts.According to a CertiK report early this month, total crypto losses reached $2.5 billion in the first half of 2025. Despite this figure, Q2 showed a decrease in successful attacks compared to earlier months. However, recent breaches suggest that persistent threats continue to challenge the industry. Cybersecurity remains a major concern for crypto exchanges, with recent events underscoring the urgency of improving digital defenses.
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