🔥 Indian's Crypto Exchange HACKED for $44,200,000! Here's how:

On July 19, 2025, India's largest crypto exchange, CoinDCX, was hacked for $44.2 million. The attackers gained access to an operational wallet and drained it within minutes, but all customer funds were kept safe. The hack was not reported by CoinDCX until nearly 17 hours later when blockchain sleuth ZachXBT alerted the public. CoinDCX CEO Sumit Gupta confirmed that one of their internal operational accounts used for liquidity had been compromised, but he assured the public that customer assets were safe.

The attack has been linked to the #LazarusGroup of North Korea. The hackers conducted a "dry run" with a 1-USDT test transaction on July 16, 2025, before the main attack. They funded their address with one ether from Tornado Cash and later used it to bridge a portion of the stolen funds from Solana to Ethereum. The exact method of the attack is not known, but some security experts believe it was due to exposed credentials granting backend access.

The slow reporting of the hack by CoinDCX drew criticism from the crypto community, who expected more transparency from the exchange. The company has since partnered with cybersecurity experts to investigate the breach, trace the stolen funds, and patch any vulnerabilities. #India #CoinDCX #CryptoScamSurge #CoinDCX