Binance Square

coindcx

202,944 vues
216 mentions
Asia crypto buzz
--
🚨 BREAKING: CoinDCX says some user data was exposed in the Mixpanel (its data-analytics provider) breach, but confirms all funds remain safe. #CoinDCX
🚨 BREAKING: CoinDCX says some user data was exposed in the Mixpanel (its data-analytics provider) breach, but confirms all funds remain safe.

#CoinDCX
--
Haussier
Clarifying Recent Media Misreports: A media outlet today reported instances of fraud related to the use of the CoinDCX App. I want to personally address this matter and provide clarity. After thorough investigation, we can confirm that these reports do not pertain to any incidents on the CoinDCX App or website. The safety and security of our users remain intact and uncompromised. The issue at hand seems to be a case of fake website scams, a pervasive challenge in the fintech sector, affecting many players, including cryptocurrency apps. We're not immune to these external threats, but we're committed to fighting them. Our security team is continuously on high alert, conducting rigorous checks to identify and tackle these fraudulent websites. In fact, we have identified and reported over 80 such websites masquerading as CoinDCX to CERT (Cyber Emergency Response Team). Recognizing the unsettling nature of these scams, we are intensifying our efforts to educate our users through various channels. We believe in the power of community vigilance and encourage you to exercise caution and report any suspicious activities. Together, we can create a more secure digital environment. Rest assured, we are not just proactive internally; we also collaborate with cyber cells and the Ministry of Electronics and Information Technology (MeiTY) to address these issues effectively. 🔗 Stay Informed and Safe: For more information on how to stay vigilant against such scams, please refer to our detailed guides: 1. How to Avoid Common Crypto Scams -https://lnkd.in/ggHSREa9 2. Staying Vigilant Against Telegram Impostors and Phishing Schemes -https://lnkd.in/g88b6efx As we navigate these challenges, your trust and security continue to be our highest priorities. We are committed to safeguarding your interests and ensuring a safe trading environment. Thank you for your continued support and trust in CoinDCX. Stay Safe, Stay Alert! ✊ #coindcx #coindcx #CryptoPredictions2024 #scamcrypto #crypto
Clarifying Recent Media Misreports: A media outlet today reported instances of fraud related to the use of the CoinDCX App. I want to personally address this matter and provide clarity.

After thorough investigation, we can confirm that these reports do not pertain to any incidents on the CoinDCX App or website. The safety and security of our users remain intact and uncompromised.

The issue at hand seems to be a case of fake website scams, a pervasive challenge in the fintech sector, affecting many players, including cryptocurrency apps. We're not immune to these external threats, but we're committed to fighting them.

Our security team is continuously on high alert, conducting rigorous checks to identify and tackle these fraudulent websites. In fact, we have identified and reported over 80 such websites masquerading as CoinDCX to CERT (Cyber Emergency Response Team).

Recognizing the unsettling nature of these scams, we are intensifying our efforts to educate our users through various channels. We believe in the power of community vigilance and encourage you to exercise caution and report any suspicious activities. Together, we can create a more secure digital environment.

Rest assured, we are not just proactive internally; we also collaborate with cyber cells and the Ministry of Electronics and Information Technology (MeiTY) to address these issues effectively.

🔗 Stay Informed and Safe: For more information on how to stay vigilant against such scams, please refer to our detailed guides:

1. How to Avoid Common Crypto Scams -https://lnkd.in/ggHSREa9
2. Staying Vigilant Against Telegram Impostors and Phishing Schemes -https://lnkd.in/g88b6efx

As we navigate these challenges, your trust and security continue to be our highest priorities. We are committed to safeguarding your interests and ensuring a safe trading environment. Thank you for your continued support and trust in CoinDCX. Stay Safe, Stay Alert! ✊
#coindcx #coindcx #CryptoPredictions2024 #scamcrypto #crypto
ETH PredictionEthereum Price Predictions: What Are Experts Saying? Short-Term Outlook (August–September 2025) #CoinDCX anticipates that if Ethereum breaks above $4,800, it could rally toward $5,500–$6,000 by the end of August 2025. Conversely, a drop below $4,000 might push ETH toward $3,800. CoinCodex projects a rise of approximately 10.85%, targeting $5,240 around September 11–12, 2025. For the next week, they estimate #ETH $ETH could reach as high as $5,417. By End of 2025 Standard Chartered, citing strong institutional activity and favorable regulatory developments, now forecasts ETH to reach $7,500 by the end of 2025 (up from $4,000 earlier). They explain this surge is driven by significant ETF inflows and the passage of the GENIUS Act, boosting stablecoin usage and Ethereum’s fee demand. Tom Lee (Fundstrat) is even more bullish. He envisions ETH surpassing the $7,500 mark, potentially reaching $15,000 by December 2025, driven by massive corporate and #ETF accumulation and a potential U.S. Fed rate cut. Yahoo Finance offers a broad range: a low outlook of $2,061, an average of $4,054, and a high of $6,000 for 2025. Changelly forecasts: August 2025: low of ~$4,652; high of ~$5,585; average around ~$5,118. September 2025: highs near ~$5,154; lows around ~$3,199; average ~$4,177. October–December 2025: expected range between ~$2,793 and ~$5,367, average ~$4,080 by year-end. Long-Term Outlook (2028 and Beyond) Standard Chartered also projects a long-term ETH price of $25,000 by 2028, underpinned by institutional adoption, layer-1 improvements, and expanded stablecoin use. CoinCodex indicates a possible peak at $8,898 in 2025 and suggests ETH might hit $10,000 by February 2028, with $33,092 as an upper long-term limit (e.g., by 2050). Additional Sentiment Signals Cointelegraph, relayed via Santiment, notes that retail traders are skeptical even as ETH nears its previous all-time high near $4,868—historically, retail doubt can precede strong price moves. A derivatives-based signal—specifically, net gamma exposure on ether options—suggests that dealers may be forced to support rising prices, potentially accelerating ETH toward $4,400. Summary Table Timeframe Bullish Scenario Mid Scenario Conservative Scenario August–Sept 2025 $5,500–$6,000 $5,240 (CoinCodex) $3,800–$4,000 (support) End of 2025 $7,500 (Standard Chartered) ~$6,000 (Yahoo Finance high) ~$4,000 (average projections) Best Case $15,000 (Tom Lee) – – By 2028 $25,000 (Standard Chartered) $10,000 (CoinCodex algorithm) – What Does This Mean for You? Short term, Ethereum appears to be in a strong bullish phase. If it breaks key resistance levels like $4,800, it could launch toward mid-$5,000s. By year’s end, several major banks and analysts see #ETH in the $7,500–$15,000 range—though estimates vary widely. Looking to 2028, long-term forecasts hint at big upside, with some pushing as high as $25,000–$33,000. Important reminder: These are speculative forecasts rather than guarantees. Crypto markets are volatile and influenced by many factors—regulation, macroeconomic trends, network activity, sentiment. $ETH {spot}(ETHUSDT) {future}(BTCUSDT)

ETH Prediction

Ethereum Price Predictions: What Are Experts Saying?
Short-Term Outlook (August–September 2025)
#CoinDCX anticipates that if Ethereum breaks above $4,800, it could rally toward $5,500–$6,000 by the end of August 2025. Conversely, a drop below $4,000 might push ETH toward $3,800.
CoinCodex projects a rise of approximately 10.85%, targeting $5,240 around September 11–12, 2025. For the next week, they estimate #ETH $ETH
could reach as high as $5,417.
By End of 2025
Standard Chartered, citing strong institutional activity and favorable regulatory developments, now forecasts ETH to reach $7,500 by the end of 2025 (up from $4,000 earlier). They explain this surge is driven by significant ETF inflows and the passage of the GENIUS Act, boosting stablecoin usage and Ethereum’s fee demand.
Tom Lee (Fundstrat) is even more bullish. He envisions ETH surpassing the $7,500 mark, potentially reaching $15,000 by December 2025, driven by massive corporate and #ETF accumulation and a potential U.S. Fed rate cut.
Yahoo Finance offers a broad range: a low outlook of $2,061, an average of $4,054, and a high of $6,000 for 2025.
Changelly forecasts:
August 2025: low of ~$4,652; high of ~$5,585; average around ~$5,118.
September 2025: highs near ~$5,154; lows around ~$3,199; average ~$4,177.
October–December 2025: expected range between ~$2,793 and ~$5,367, average ~$4,080 by year-end.
Long-Term Outlook (2028 and Beyond)
Standard Chartered also projects a long-term ETH price of $25,000 by 2028, underpinned by institutional adoption, layer-1 improvements, and expanded stablecoin use.
CoinCodex indicates a possible peak at $8,898 in 2025 and suggests ETH might hit $10,000 by February 2028, with $33,092 as an upper long-term limit (e.g., by 2050).
Additional Sentiment Signals
Cointelegraph, relayed via Santiment, notes that retail traders are skeptical even as ETH nears its previous all-time high near $4,868—historically, retail doubt can precede strong price moves.
A derivatives-based signal—specifically, net gamma exposure on ether options—suggests that dealers may be forced to support rising prices, potentially accelerating ETH toward $4,400.
Summary Table
Timeframe Bullish Scenario Mid Scenario Conservative Scenario
August–Sept 2025 $5,500–$6,000 $5,240 (CoinCodex) $3,800–$4,000 (support)
End of 2025 $7,500 (Standard Chartered) ~$6,000 (Yahoo Finance high) ~$4,000 (average projections)
Best Case $15,000 (Tom Lee) – –
By 2028 $25,000 (Standard Chartered) $10,000 (CoinCodex algorithm) –
What Does This Mean for You?
Short term, Ethereum appears to be in a strong bullish phase. If it breaks key resistance levels like $4,800, it could launch toward mid-$5,000s.
By year’s end, several major banks and analysts see #ETH in the $7,500–$15,000 range—though estimates vary widely.
Looking to 2028, long-term forecasts hint at big upside, with some pushing as high as $25,000–$33,000.
Important reminder: These are speculative forecasts rather than guarantees. Crypto markets are volatile and influenced by many factors—regulation, macroeconomic trends, network activity, sentiment.
$ETH
Robos cripto superan los $2.17 mil millones en solo 6 meses, según ChainalysisEl último informe de Chainalysis encendió las alarmas en toda la industria: en lo que va de 2025, los robos cripto ya superan los $2.170 millones de dólares. Solo en el primer semestre, se han registrado ataques a gran escala que exponen vulnerabilidades críticas en el ecosistema blockchain. 🧨 Los golpes más duros 🔴 Bybit fue víctima de un mega robo que, según fuentes cercanas, afectó severamente su infraestructura interna. 🔴 CoinDCX, uno de los exchanges más grandes de India, también sufrió una brecha grave, aunque aseguró que los fondos de usuarios están a salvo. Estos incidentes están entre los más grandes del año, y representan más del 40% del total robado hasta la fecha. 📉 ¿Qué está fallando? Según Chainalysis, las causas principales son: Fallas en la seguridad de contratos inteligentes Brechas internas o accesos comprometidos Phishing dirigido a empleados y usuarios Ataques a puentes cross-chain (los más frecuentes) 🔐 ¿Y la solución? Mientras los ataques se vuelven más sofisticados, los expertos insisten en: ✅ Mejorar las auditorías de smart contracts ✅ Establecer controles más estrictos en exchanges ✅ Fomentar el uso de hardware wallets y autenticación de múltiples factores 🚨 ¿Estamos en riesgo? La descentralización no significa desprotección. Sin embargo, esta cifra récord es un llamado de atención: la adopción masiva no es sostenible sin seguridad robusta. Cada usuario, inversor y desarrollador debe asumir responsabilidad activa sobre su seguridad digital. 📌 Reflexión final: La tecnología blockchain promete libertad financiera. Pero esa libertad debe ir acompañada de educación, prevención y responsabilidad. No es solo cuestión de not your keys, not your coins… Es también: not your audit, not your peace of mind. #CriptoSeguridad #HackCripto #Chainalysis #RoboCripto #Bybit #CoinDCX #Web3 #defi #CryptoNews #BinanceSquare #Blockchain #SmartContracts {spot}(BTCUSDT) {spot}(SUIUSDT) {spot}(BCHUSDT)

Robos cripto superan los $2.17 mil millones en solo 6 meses, según Chainalysis

El último informe de Chainalysis encendió las alarmas en toda la industria: en lo que va de 2025, los robos cripto ya superan los $2.170 millones de dólares. Solo en el primer semestre, se han registrado ataques a gran escala que exponen vulnerabilidades críticas en el ecosistema blockchain.

🧨 Los golpes más duros

🔴 Bybit fue víctima de un mega robo que, según fuentes cercanas, afectó severamente su infraestructura interna.

🔴 CoinDCX, uno de los exchanges más grandes de India, también sufrió una brecha grave, aunque aseguró que los fondos de usuarios están a salvo.

Estos incidentes están entre los más grandes del año, y representan más del 40% del total robado hasta la fecha.

📉 ¿Qué está fallando?

Según Chainalysis, las causas principales son:

Fallas en la seguridad de contratos inteligentes

Brechas internas o accesos comprometidos

Phishing dirigido a empleados y usuarios

Ataques a puentes cross-chain (los más frecuentes)

🔐 ¿Y la solución?

Mientras los ataques se vuelven más sofisticados, los expertos insisten en:

✅ Mejorar las auditorías de smart contracts

✅ Establecer controles más estrictos en exchanges

✅ Fomentar el uso de hardware wallets y autenticación de múltiples factores

🚨 ¿Estamos en riesgo?

La descentralización no significa desprotección. Sin embargo, esta cifra récord es un llamado de atención: la adopción masiva no es sostenible sin seguridad robusta.

Cada usuario, inversor y desarrollador debe asumir responsabilidad activa sobre su seguridad digital.

📌 Reflexión final:

La tecnología blockchain promete libertad financiera. Pero esa libertad debe ir acompañada de educación, prevención y responsabilidad.

No es solo cuestión de not your keys, not your coins…

Es también: not your audit, not your peace of mind.

#CriptoSeguridad #HackCripto #Chainalysis #RoboCripto #Bybit #CoinDCX #Web3 #defi #CryptoNews #BinanceSquare #Blockchain #SmartContracts


In an interesting twist to the massive hack of Indian crypto exchange CoinDCX, police have found evidence of possible insider involvement. An employee was arrested on suspicion of involvement in the fraud. #BTC #ETH #solana #scam #CoinDCX
In an interesting twist to the massive hack of Indian crypto exchange CoinDCX, police have found evidence of possible insider involvement. An employee was arrested on suspicion of involvement in the fraud.

#BTC
#ETH
#solana
#scam
#CoinDCX
#BinanceHODLerMMT #CoinDCX $BTC {spot}(BTCUSDT) প্রসঙ্গে CoinDCX এর ফাউন্ডিং পার্টনার Mridul Gupta জানিয়েছেন, “সবচেয়ে চমকপ্রদ বৃদ্ধি দেখতে পাওয়া গিয়েছে জুলাই মাসের 10 থেকে 15 তারিখের মধ্যে। এই সময়ে বিটকয়েনের দাম 116000 মার্কিন ডলার অতিক্রম করে গিয়েছিল। এই বৃদ্ধির কারণেই খুচরা বিনিয়োগকারীদের পাশাপাশি উচ্চ মূল্যের ইনভেস্টরদের ট্রেডিংয়ে অংশগ্রহণ বাড়তে দেখা গিয়েছে।“ প্রসঙ্গত, কিছু সময় পূর্বেই বিটকয়েন 120,000 মার্কিন ডলার অতিক্রম করে গিয়েছিল। বিনিয়োগকারীদের বর্তমানে এই ক্রিপ্টোকারেন্সিটির প্রতি দৃষ্টিভঙ্গি খুব ইতিবাচক। এই ক্রিপ্টোকারেন্সিটিতে ধারাবাহিকভাবে ভালো পারফর্ম্যান্স দেখতে পাওয়া যাচ্ছে। এবিষয়ে Mudrex –এর সহ প্রতিষ্ঠাতা এবং সিইও Edul Patel জানিয়েছেন, স্বল্পমেয়াদে বিটকয়েন 140,000 মার্কিন ডলারের উচ্চতা অতিক্রম করে যেতে পারে।
#BinanceHODLerMMT
#CoinDCX
$BTC
প্রসঙ্গে CoinDCX এর ফাউন্ডিং পার্টনার Mridul Gupta জানিয়েছেন, “সবচেয়ে চমকপ্রদ বৃদ্ধি দেখতে পাওয়া গিয়েছে জুলাই মাসের 10 থেকে 15 তারিখের মধ্যে। এই সময়ে বিটকয়েনের দাম 116000 মার্কিন ডলার অতিক্রম করে গিয়েছিল। এই বৃদ্ধির কারণেই খুচরা বিনিয়োগকারীদের পাশাপাশি উচ্চ মূল্যের ইনভেস্টরদের ট্রেডিংয়ে অংশগ্রহণ বাড়তে দেখা গিয়েছে।“

প্রসঙ্গত, কিছু সময় পূর্বেই বিটকয়েন 120,000 মার্কিন ডলার অতিক্রম করে গিয়েছিল। বিনিয়োগকারীদের বর্তমানে এই ক্রিপ্টোকারেন্সিটির প্রতি দৃষ্টিভঙ্গি খুব ইতিবাচক। এই ক্রিপ্টোকারেন্সিটিতে ধারাবাহিকভাবে ভালো পারফর্ম্যান্স দেখতে পাওয়া যাচ্ছে। এবিষয়ে Mudrex –এর সহ প্রতিষ্ঠাতা এবং সিইও Edul Patel জানিয়েছেন, স্বল্পমেয়াদে বিটকয়েন 140,000 মার্কিন ডলারের উচ্চতা অতিক্রম করে যেতে পারে।
#CoinDCX how to transfer Bitcoin from coin dcx to binance
#CoinDCX how to transfer Bitcoin from coin dcx to binance
🚨 CoinDCX suffered a ₹378 crore hack — while user funds were safe, the breach has triggered renewed scrutiny on crypto platform security and transparency. 🔍 Simultaneously, CBDT has unleashed a massive tax enforcement campaign targeting crypto investors: thousands of notices sent, AI cross‑checks of TDS vs ITRs, and penalties up to 70% for undeclared profits in the last 48 months. 🧾 With a flat 30% tax on gains plus 1% TDS on each trade, and no allowance for loss offsetting, direct Bitcoin trading is looking increasingly tax‑heavy. 🏦 At the same time, tax authorities are integrating with OECD’s CARF framework for global data-sharing to trace offshore crypto activity. 🇮🇳 Indian investors are facing mass tax nudges and regulatory tightening—not just price volatility. 💬 Are you fully compliant? Filing returns correctly? Holding or switching to ETFs? Share your strategy. 👇 #CryptoScamSurge #AmericaAIActionPlan #NFTMarketWatch #CoinDCX #BinanceSquare
🚨 CoinDCX suffered a ₹378 crore hack — while user funds were safe, the breach has triggered renewed scrutiny on crypto platform security and transparency.

🔍 Simultaneously, CBDT has unleashed a massive tax enforcement campaign targeting crypto investors: thousands of notices sent, AI cross‑checks of TDS vs ITRs, and penalties up to 70% for undeclared profits in the last 48 months.

🧾 With a flat 30% tax on gains plus 1% TDS on each trade, and no allowance for loss offsetting, direct Bitcoin trading is looking increasingly tax‑heavy.

🏦 At the same time, tax authorities are integrating with OECD’s CARF framework for global data-sharing to trace offshore crypto activity.

🇮🇳 Indian investors are facing mass tax nudges and regulatory tightening—not just price volatility.

💬 Are you fully compliant? Filing returns correctly? Holding or switching to ETFs? Share your strategy. 👇

#CryptoScamSurge #AmericaAIActionPlan #NFTMarketWatch #CoinDCX #BinanceSquare
Major Thefts & Hacks: The Lazarus Group was linked to a $44M CoinDCX heist with similarities to earlier exploits #CoinDCX #Hack
Major Thefts & Hacks: The Lazarus Group was linked to a $44M CoinDCX heist with similarities to earlier exploits #CoinDCX #Hack
Coin base Backs Coin DCX in Major Investment Move! In a big boost for India’s crypto scene, Coin base has invested in Coin DCX, pushing the exchange’s valuation to around $2.45 billion, reports The Economic Times. This partnership strengthens Coin DCX’s position as a leading player in South Asia’s growing crypto market and signals renewed global interest in the region. 🌏🔥 However, some experts are raising concerns about market centralization, as large U.S. exchanges like Coin base deepen their stakes abroad. Still, for traders and investors, this could mean better liquidity, stronger infrastructure, and a smoother on ramp for assets like $BTC and $ETH in India. #CryptoNews #CoinDCX #coinbase #BTC #ETH
Coin base Backs Coin DCX in Major Investment Move!
In a big boost for India’s crypto scene, Coin base has invested in Coin DCX, pushing the exchange’s valuation to around $2.45 billion, reports The Economic Times. This partnership strengthens Coin DCX’s position as a leading player in South Asia’s growing crypto market and signals renewed global interest in the region. 🌏🔥

However, some experts are raising concerns about market centralization, as large U.S. exchanges like Coin base deepen their stakes abroad. Still, for traders and investors, this could mean better liquidity, stronger infrastructure, and a smoother on ramp for assets like $BTC and $ETH in India.

#CryptoNews #CoinDCX #coinbase #BTC #ETH
$44 Million Vanishes from Indian Exchange CoinDCX After Devastating Hack. Attackers exploited a server vulnerability to hijack an internal liquidity account, draining the exchange in a major Friday breach #CoinDCX #India
$44 Million Vanishes from Indian Exchange CoinDCX After Devastating Hack. Attackers exploited a server vulnerability to hijack an internal liquidity account, draining the exchange in a major Friday breach
#CoinDCX
#India
🚨 BREAKING: India-based crypto exchange CoinDCX has reportedly suffered a major security breach, with ~$44.2M drained, per on-chain sleuth zachxbt Details are still unfolding, but initial signs point to a serious exploit. Stay safe out there. More updates soon. #CoinDCX #CryptoNews #Hack #ZachXBT
🚨 BREAKING: India-based crypto exchange CoinDCX has reportedly suffered a major security breach, with ~$44.2M drained, per on-chain sleuth zachxbt

Details are still unfolding, but initial signs point to a serious exploit.

Stay safe out there. More updates soon.

#CoinDCX #CryptoNews #Hack #ZachXBT
🚨 CoinDCX CEO Shuts Down Sale Rumors! Amid speculation that Coinbase is in “advanced talks” to acquire CoinDCX, CEO Sumit Gupta says “We’re not for sale!” 🛡️ Even after the recent $44M hack, Gupta confirms the exchange is focused on India’s crypto growth, not looking for buyers. 🔎 Coinbase does hold a stake in CoinDCX and is expanding in India—but this rumor? False. 📉 CoinDCX’s valuation dropped from $2.2B to under $1B post-hack, fueling speculation. 👉 For now, CoinDCX stays independent and committed to building for India. — #CoinDCX #CryptoNews #IndiaCrypto #CryptoRumors
🚨 CoinDCX CEO Shuts Down Sale Rumors!

Amid speculation that Coinbase is in “advanced talks” to acquire CoinDCX, CEO Sumit Gupta says “We’re not for sale!”

🛡️ Even after the recent $44M hack, Gupta confirms the exchange is focused on India’s crypto growth, not looking for buyers.

🔎 Coinbase does hold a stake in CoinDCX and is expanding in India—but this rumor? False.

📉 CoinDCX’s valuation dropped from $2.2B to under $1B post-hack, fueling speculation.

👉 For now, CoinDCX stays independent and committed to building for India.



#CoinDCX #CryptoNews #IndiaCrypto #CryptoRumors
CoinDCX Security Breach: A $44.2 Million Drainage Incident 📠📨🎹The Incident Unfolds 🗂️ Indian cryptocurrency exchange CoinDCX reportedly suffered a significant security breach, resulting in a loss of approximately $44.2 million. Blockchain investigator ZachXBT first flagged the issue, revealing that the breach occurred nearly 17 hours prior to the exchange's official disclosure. How the Breach Occurred👙 According to ZachXBT, the attacker initiated the breach with just 1 ETH from Tornado Cash, later bridging stolen funds from Solana to Ethereum. This sophisticated attack compromised one of CoinDCX's internal operational accounts used for liquidity provisioning on a partner exchange. CoinDCX's Response 🧗 🔹Key Points: 🔸Security Measures: CoinDCX quickly isolated the affected account to prevent further losses. 🔸User Funds Safe: The exchange assured users that customer assets, stored in secure cold wallets, remain untouched and safe. 🔸Transparency: CEO Sumit Gupta promised to keep the community updated on the investigation and any developments. 🔸Bug Bounty Program: CoinDCX plans to launch a bug bounty program to enhance security and prevent future breaches. Impact and Aftermath 🕓 The breach has sparked mixed reactions from the community, with some praising CoinDCX's transparency and others criticizing the delayed response. CoinDCX has confirmed that losses will be fully absorbed by the company's treasury reserves, ensuring no customer is impacted. What's Next ? 🤔 🔹As the investigation unfolds, CoinDCX is working closely with cybersecurity experts to: 🔸Patch Vulnerabilities: Fix any discovered vulnerabilities to prevent future breaches. 🔸Trace Stolen Funds: Attempt to recover the stolen funds with partner exchanges. 🔸Enhance Security: Implement additional security measures to protect user assets. $BNB $ETH $SOL #BreakingCryptoNews #BinanceSquareFamily #Binance #BinanceSquareTalks #CoinDCX

CoinDCX Security Breach: A $44.2 Million Drainage Incident 📠📨🎹

The Incident Unfolds 🗂️
Indian cryptocurrency exchange CoinDCX reportedly suffered a significant security breach, resulting in a loss of approximately $44.2 million.
Blockchain investigator ZachXBT first flagged the issue, revealing that the breach occurred nearly 17 hours prior to the exchange's official disclosure.

How the Breach Occurred👙
According to ZachXBT, the attacker initiated the breach with just 1 ETH from Tornado Cash, later bridging stolen funds from Solana to Ethereum.
This sophisticated attack compromised one of CoinDCX's internal operational accounts used for liquidity provisioning on a partner exchange.

CoinDCX's Response 🧗
🔹Key Points:
🔸Security Measures: CoinDCX quickly isolated the affected account to prevent further losses.
🔸User Funds Safe: The exchange assured users that customer assets, stored in secure cold wallets, remain untouched and safe.
🔸Transparency: CEO Sumit Gupta promised to keep the community updated on the investigation and any developments.
🔸Bug Bounty Program: CoinDCX plans to launch a bug bounty program to enhance security and prevent future breaches.

Impact and Aftermath 🕓
The breach has sparked mixed reactions from the community, with some praising CoinDCX's transparency and others criticizing the delayed response.
CoinDCX has confirmed that losses will be fully absorbed by the company's treasury reserves, ensuring no customer is impacted.

What's Next ? 🤔
🔹As the investigation unfolds, CoinDCX is working closely with cybersecurity experts to:
🔸Patch Vulnerabilities: Fix any discovered vulnerabilities to prevent future breaches.
🔸Trace Stolen Funds: Attempt to recover the stolen funds with partner exchanges.
🔸Enhance Security: Implement additional security measures to protect user assets.
$BNB $ETH $SOL

#BreakingCryptoNews #BinanceSquareFamily #Binance #BinanceSquareTalks #CoinDCX
CoinDCX (July 2025) – $44.2M HeistIndia’s CoinDCX saw $44.2M swiped from an internal ops wallet. A sophisticated API/server breach let hackers hit its liquidity wallet, then braid funds through Tornado Cash on #Ethereum and #Solana . No customer accounts were touched – CoinDCX absorbed the loss – but a 17-hour silence (flagged by sleuths) drew fire. They’ve since launched a $6M Crypto Investors Protection Fund and bug bounty, aiming to brace for the next Lazarus wave. 🔍🔐 $ETH {spot}(ETHUSDT) $SOL {spot}(SOLUSDT) #CoinDCX #CryptoSafety

CoinDCX (July 2025) – $44.2M Heist

India’s CoinDCX saw $44.2M swiped from an internal ops wallet. A sophisticated API/server breach let hackers hit its liquidity wallet, then braid funds through Tornado Cash on #Ethereum and #Solana . No customer accounts were touched – CoinDCX absorbed the loss – but a 17-hour silence (flagged by sleuths) drew fire. They’ve since launched a $6M Crypto Investors Protection Fund and bug bounty, aiming to brace for the next Lazarus wave. 🔍🔐
$ETH

$SOL
#CoinDCX #CryptoSafety
Connectez-vous pour découvrir d’autres contenus
Découvrez les dernières actus sur les cryptos
⚡️ Prenez part aux dernières discussions sur les cryptos
💬 Interagissez avec vos créateurs préféré(e)s
👍 Profitez du contenu qui vous intéresse
Adresse e-mail/Nº de téléphone