CoinDCX Loses $44.2M in Suspected Hack, Attacker Traced from Just 1 ETH
2025-07-19 16:09:23
Main Idea
CoinDCX, one of India’s largest crypto exchanges, lost approximately $44.2 million in a suspected hack, with the attacker moving stolen funds from Solana to Ethereum.
Key Points
1. The hack occurred about 17 hours ago, with the attacker initially using 1 ETH from Tornado Cash.
2. CoinDCX co-founder Sumit Gupta stated the issue was caused by a server compromise on a partner exchange but was quickly contained.
3. Losses are being fully absorbed by CoinDCX’s treasury, and the team is working with cybersecurity experts to recover funds and improve security.
4. A bug bounty program will be launched to enhance security measures.
5. The exchange emphasized transparency in handling the incident.
Description
The post CoinDCX Loses $44.2M in Suspected Hack, Attacker Traced from Just 1 ETH appeared first on Coinpedia Fintech News CoinDCX, one of India’s biggest crypto exchanges, has reportedly lost around $44.2 million in a suspected hack about 17 hours ago. The attacker is said to have started with just 1 ETH from Tornado Cash and later moved some of the stolen funds from Solana to Ethereum. Users note that CoinDCX has also taken down some trading pairs, canceled spot orders, and their Web3 wallet is...
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