🚨$44M Vanishes in CoinDCX Hack: Indian Crypto Giant Targeted
CoinDCX, India’s largest crypto exchange, suffered a $44.2 million (₹378 crore) hack on July 19, 2025, at 4 a.m. IST, targeting an internal liquidity wallet. The attacker used Tornado Cash to mask the theft, bridging funds from Solana($SOL ) to Ethereum($ETH ). Customer funds in cold wallets remained safe, with losses absorbed by CoinDCX’s treasury. The exchange restored services, reported the breach to CERT-In, and launched a bounty program to recover funds. The incident, flagged by ZachXBT, follows the $230M WazirX hack, raising concerns about India’s crypto security.
