CoinDCX Faces Possible $44 Million Loss in Server Breach, User Funds Reportedly Unaffected
2025-07-19 17:06:51
Main Idea
CoinDCX faces a $44 million loss due to a server breach, with user funds safeguarded, highlighting ongoing cybersecurity challenges in the cryptocurrency exchange ecosystem.
Key Points
1. CoinDCX suffered a $44 million hack through a server breach, but user funds were protected.
2. The attack exploited liquidity provisions with another exchange, differing from typical hacks.
3. Blockchain forensic expert ZachXBT tracked the attacker's use of Tornado Cash and fund movement from Solana to Ethereum.
4. The breach occurred amid broader security challenges in the Indian crypto market, including a $235 million WazirX breach.
5. Global crypto losses reached $2.5 billion in the first half of 2025, as reported by CertiK.
Description
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