Altcoins News
By Dan Saada
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Indian cryptocurrency exchange CoinDCX has suffered a significant security breach, resulting in a loss of over $44 million.
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The breach was first brought to light by on-chain investigator ZachXBT, who revealed the incident nearly 17 hours after it occurred.
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According to Gupta, the attacker exploited a vulnerability in the server to gain access to an internal CoinDCX account.
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“I confirm that CoinDCX wallets storing customer assets were unaffected and remain completely safe,” Gupta said in a statement.
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Exchange Operations Continue Uninterrupted
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Despite the scale of the breach, CoinDCX stated that its trading operations were not disrupted.
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To manage the fallout, the company has hired third-party cybersecurity specialists to analyze the incident and strengthen their security protocols.
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“We’re doing everything possible to track these assets and coordinate with law enforcement and exchanges that might come into contact with the attacker’s wallet,” said Gupta.
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Another Blow to India's Crypto Confidence
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The CoinDCX breach comes almost exactly one year after WazirX—another major Indian crypto exchange—was compromised in a separate hack that saw roughly $235 million vanish.
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These high-profile attacks have raised serious concerns about security in India's crypto industry, especially as the country moves toward clearer regulation and increasing…
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CoinDCX’s hack is part of a much broader trend of cybercrime affecting the global crypto landscape. In the first half of 2025 alone, hackers have reportedly stolen over $2.
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These numbers underscore the ongoing vulnerability of even well-established crypto platforms and highlight the need for comprehensive security reforms across the industry.
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For now, CoinDCX has managed to calm immediate fears by confirming the safety of user funds and continuing normal operations. However, trust must be rebuilt.
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Gupta and his team have not released a timeline for when they expect to complete the recovery process, but the public’s response will likely be influenced by how transparent and…
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