🚨 CoinDCX Hack — What Happened?
Indian crypto exchange CoinDCX was hacked on July 18, 2025, and around $44 million was stolen from one of its internal wallets. This wallet was used by the company for operations, not for storing customer funds. The hack was done through a server breach, and the stolen funds were quickly moved across blockchain networks.
✅ Key Points:
• No customer funds were affected — all user assets were in safe cold storage.
• CoinDCX will cover the loss from its own funds, not from users.
• The company has isolated the hacked wallet and is working with experts to investigate.
• A bug bounty program is being launched to strengthen security.
This incident is a reminder that hot wallets are risky and that it’s safer to store your crypto in non-custodial wallets if you’re holding for the long term.
