BREAKING: $44M Hack Hits CoinDCX – No User Funds Affected

India’s top crypto exchange CoinDCX has reportedly suffered a $44.2 million security breach from one of its internal accounts used for operations.

Here’s what we know:

▪️ The exploit was first flagged by on-chain investigators @ZachXBT and @Cyvers_

▪️ Funds were moved from Solana to Ethereum and then laundered through Tornado Cash

▪️ Stolen assets include ETH, USDT, LINK, AAVE, and others

▪️ The attacker spread funds across multiple wallets to avoid tracking

CoinDCX Response:

▪️ Confirmed that user funds are safe

▪️ The breach was isolated to a backend liquidity wallet, not customer wallets

▪️ Web3 services were paused while a full investigation began

▪️ Cybersecurity experts and recovery efforts are in progress