CoinDCX, India's leading cryptocurrency trading platform, was recently hacked, resulting in a loss of approximately $44.2 million from internal operational accounts.
The incident caused by server intrusion was quickly controlled; it did not affect user assets as all are protected in cold wallets. The CoinDCX team is committed to transparency and is coordinating with cybersecurity experts to mitigate and recover damages.
MAIN CONTENT
CoinDCX confirms a hack of $44.2 million in internal liquidity accounts.
All user assets are kept safe in cold wallets, unaffected.
The team quickly controlled the incident, collaborated with security experts, and implemented a bug bounty program.
How was CoinDCX hacked?
According to CEO Sumit Gupta, an internal operational account used to provide liquidity on the partner exchange was hacked by attackers through a server vulnerability. The incident occurred about 17 hours before it was controlled.
Notably, the attacker started with just 1 ETH taken from Tornado Cash, then moved the stolen assets from Solana to Ethereum. This is a complex form of attack, often targeting internal operational wallets with broad access, increasing the risk of significant loss.
"We detected and quickly controlled the server intrusion that caused damage but are committed to not affecting customer assets."
Sumit Gupta, CEO of CoinDCX, announced on July 19, 2025
Are user assets affected after the attack?
Information from the CEO of CoinDCX confirms that all customer assets are still safe, stored in cold wallets that are not online. The INR trading and withdrawal system is operating normally, and users are not experiencing service interruptions.
Not allowing user assets to be lost clearly reflects the professional fund management capabilities and the ability to protect the security of cryptocurrency on this platform.
How did CoinDCX handle the incident and what are the next steps?
Upon detecting the incident, CoinDCX quickly froze the trading pairs involved and canceled orders on the exchange. CEO Sumit Gupta stated that the financial loss will be fully compensated from the company’s treasury, without affecting customers.
The team is collaborating with cybersecurity experts to trace and rectify, while also implementing a bug bounty program to detect security vulnerabilities early. The commitment to transparency is continuously upheld to build community trust.
"Transparency is a top priority when facing risks in the cryptocurrency industry."
Sumit Gupta, CEO of CoinDCX, 2025
Frequently Asked Questions
How much money did CoinDCX lose in this hack?
Approximately $44.2 million has been confirmed stolen from the internal operational liquidity account.
Is user money taken away?
No, all customer assets are stored in cold wallets and are unaffected.
What has CoinDCX done to prevent the attack?
Frozen trading pairs, canceled orders, and quickly controlled the server vulnerability.
What plans does the platform have to enhance security?
Collaborating with cybersecurity experts and launching a bug bounty program to detect vulnerabilities early.
Can users continue to trade normally?
Yes, trading activities and INR withdrawals are still ongoing as usual.
Source: https://tintucbitcoin.com/coindcx-thiet-hai-442-trieu-usd/
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