🚨 $44M Hack Hits CoinDCX — Withdrawals Restored, User Funds Safe

CoinDCX, one of India’s largest crypto exchanges, suffered a $44 million breach targeting its warm wallets. The exploit triggered an immediate halt in withdrawals to contain the damage.

The breach did not affect any customer funds. CEO Sumit Gupta confirmed that only operational capital was impacted, and the exchange’s internal balance absorbed the loss.

Withdrawals have now been fully restored after security reinforcements and a full audit of wallet activity.

The exploit is believed to be connected to a compromised access point used by internal infrastructure. Cold wallets, which store most user assets offline, remained untouched.

CoinDCX is working with cybersecurity experts and law enforcement agencies to trace the breach source and tighten future defense layers.

The incident comes during rising scrutiny of Indian exchanges and places more pressure on platforms to prove resilience and transparency.

No major user outflows or community panic have followed so far, showing relatively strong user trust even after the breach.