Indian crypto exchange CoinDCX hacked, loses $44.2 mln overnight
2025-07-20 06:27:00
Main Idea
Indian crypto exchange CoinDCX was hacked, resulting in a $44.2 million loss, but user funds remained safe and trading operations continued unaffected.
Key Points
1. CoinDCX suffered a $44.2 million cross-chain hack due to an internal wallet compromise.
2. CEO Sumit Gupta confirmed that customer funds were not impacted and all trading activities remained operational.
3. Blockchain sleuth ZachXBT identified the hack, noting the attacker used Tornado Cash and bridged stolen funds from Solana to Ethereum.
4. Recent weeks have seen multiple crypto hacks, including attacks on Iranian exchange Nobitex ($81 million) and GMX V1 ($42 million, partially recovered).
5. Alex Protocol, a Bitcoin DeFi platform on Stacks, lost $8.3 million, with the foundation pledging full reimbursement to affected users.
Description
The hack came to light after blockchain security firm Cyvers flagged the stolen crypto due to the suspicious transactions.
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