Bitcoin holds steady as hackers drain over $40 million from India’s top exchange
2025-07-19 19:17:19
Main Idea
Bitcoin's price remained stable despite a $44.2 million hack on India's CoinDCX exchange, highlighting its resilience amid ongoing security vulnerabilities in the cryptocurrency industry.
Key Points
1. Bitcoin traded at $117,966, showing minimal fluctuations despite the CoinDCX hack.
2. CoinDCX lost approximately $44.2 million in a cyberattack, with some funds moved via Tornado Cash and bridged from Solana to Ethereum.
3. CoinDCX temporarily suspended Web3 trading as a precautionary measure.
4. Global cryptocurrency exchanges lost $2.24 billion to attacks in the first half of 2025.
5. The hack adds to a growing list of exchange vulnerabilities in 2025, including a $48 million hack on Iran’s largest exchange.
Description
Bitcoin ( BTC ) has remained resilient in its price action following another cryptocurrency exchange hacking incident, this time involving India’s CoinDCX. Historically, such incidents have rattled investors, but Bitcoin is holding firm, trading just below the $120,000 resistance level. As of press time, Bitcoin was trading at $117,966, showing minimal intraday fluctuations, down 0.21% in the past hour, but up 0.15% over the last 24 hours and 0.36% over the past week. Bitcoin seven-day price cha...
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