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
This could be one of the biggest undisclosed exchange hacks in India’s history.
Stay alert. Even top exchanges can be targets, always secure your assets wisely.
