• The internal wallet of CoinDCX was hacked, with approximately $44.2 million withdrawn in a cross-chain exploit.

  • ZachXBT and Cyvers trace the origin of the attack to Tornado Cash and Solana bridges.

  • The CEO confirmed that user funds are safe, and operations continue normally.

  • Reports indicate that the Indian cryptocurrency exchange CoinDCX was hacked for approximately $44.2 million, according to blockchain investigator ZachXBT and security firm Cyvers.

    The platform's CEO confirmed that an internal wallet was compromised. However, he stated that customer funds remain safe.

    The CoinDCX breach was traced back to funding from Tornado Cash.

    ZachXBT reported the incident early Friday, noting that the attacker's address received 1 ETH via Tornado Cash, and then bridged the funds from Solana to Ethereum.

    Asset flows indicate a coordinated cross-chain money laundering strategy.

  • At the same time, on-chain data confirms the movement of funds across multiple addresses and protocols. The compromised wallet was not part of CoinDCX's published reserve proof reports, requiring manual attribution.

  • CoinDCX breach. Source: ZachXBT

  • CoinDCX confirms a breach, stating that user funds are safe.

    CoinDCX co-founder and CEO Sumit Gupta acknowledged the incident hours after ZachXBT's post. He clarified that the breach involved an internal wallet used for liquidity in a partner platform, not a wallet directed towards users.

  • According to the statement, the platform is investigating a server breach that led to the hack. It has since frozen the affected internal systems and is working with security experts to contain the incident.

    The breach was initially reported by Cyvers Alerts, a blockchain threat intelligence company that detected suspicious withdrawals from CoinDCX's hot wallet. The funds were quickly routed through multiple wallets, making tracking complicated.

    This is a developing story.

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