CoinDCX Hack Rumors: $44M Drain or Just a Scare?
2025-07-19 20:59:42
Main Idea
Crypto investigator ZachXBT alleged that Indian exchange CoinDCX suffered a $44.2 million hack, with delayed public disclosure, sparking community panic and skepticism about transparency.
Key Points
1. ZachXBT flagged an alleged $44.2 million breach at CoinDCX, claiming the exchange delayed public disclosure by nearly 17 hours.
2. On-chain data showed a cumulative movement of over $44 million from CoinDCX-linked wallets, fueling community alarm and frustration.
3. CoinDCX later issued a statement acknowledging a compromise in a partner exchange's systems, isolating the issue and pledging enhanced security measures.
4. The community expressed skepticism over CoinDCX's delayed response and lack of real-time communication, demanding deeper transparency.
5. The incident may lead to intensified security checks for other Indian exchanges and heightened scrutiny from global investors.
Description
Crypto investigator ZachXBT lit up the timeline with a warning that has since shaken one of India’s biggest exchanges – case study, CoinDCX. In a now-viral post, he flagged an alleged breach at CoinDCX, hinting that the platform may have quietly lost $44.2 million in a silent drain nearly 17 hours before the exchange made any public comment. BIG BREAKING: $44M Gone? CoinDCX Hack Rumors Spark Panic After ZachXBT Alert Crypto detective #ZachXBT just shared that the Indian exchange #CoinDCX might h...
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