The Indian Cryptocurrency Exchange COINDCX was hacked Friday, leaving the exchange drained by $ 44 million.
Hackers have compromised one of the CoindCX’s internal accounts used for “liquidity provisions” along with another exchange by breaking the server.
No user funds have been affected by exploitation, According to In the Coindcx CEO Sumit Gupta. The CEO also said that all customer funds remain safe and write:
“The incident is quickly contained by separate the affected operation account. Since our operational accounts are separated from the customer’s purse, exposure is limited to this specific account and is fully absorbed by us, from our own treasury reserves.”
“The attacker’s address is funded by 1 Ether (Eth) From Tornado Cash and eventually turned into a portion of stolen funds from Solana to Ethereum, ”Onchain Sleuth Zachbt Says.
Cointelegraph handed it to the COINDCX to comment but did not get a response at the time of publication.
Analyst Infinity Hedge mentioned The famous exchange of India Wazirx is that -hack of $ 235 million On this exact date, a year ago – a reminder of the ongoing threat of cybersecurity facing the crypto industry and investor.
This is a story development, and further information will be added as it is available.
Related: Crypto losses hit $ 2.5B in the first half of 2025, but hacks fall into Q2: Certik
