Indian cryptocurrency exchange Coindcx was hacked on Friday, which drained $44 million.
Hackers compromised one of the internal accounts that CoIndCX used for “liquidity regulations” through another exchange of the server vulnerability.
Due to utilization, no user funds were affected. according to Sumit Gupta, CEO of Coindcx. The CEO also said that all client funds remained safe and wrote:
“This incident was quickly quarantined by quarantine the affected operating accounts. Since our operating accounts were isolated from the customer wallet, the exposure was limited to that particular account and was fully absorbed by us, from our own Treasury reserves.”
“The attacker’s address is funded by 1 ether (eth) cash from the tornado, and later bridged from Solana explain.
Cointelegraph got comments to Coindcx but couldn’t get a response at the time of posting.
Analysts Infinite Hedge Famous That popular Indian exchange Wazirx is hacked as $235 million In the exact date a year ago, reminding people of the ongoing cybersecurity threats faced by the crypto industry and investors.
Related: Cryptocurrency losses hit $2.5B in the first half of 2025, but hacks belong to Q2: certik
Last month, other crypto exchanges were sacrificed
Iran exchanges Nobitex hacked $100 million June 18 Politically motivated attacks By a pro-Israel hacker group called itself “Gonjeshke Darande”.
After stealing $100 million from the initial hacker, the team leaked Exchange’s source code online, further revealing users of the crypto platform.
https://www.youtube.com/watch?v=ndv0rfehetq
GMX V1, a version of GMX protocol permanent exchange Used by network security On July 9, the hacker made $40 million.
but, Hackers refunded stolen funds A few days later, a $5 million white hat bounty was accepted in exchange for $40 million in cryptocurrency.
Arcadia Finance, a decentralized finance (DEFI) platform, is a goal Smart contract utilization On Tuesday, the threatening actor drained $3.5 million in cryptocurrency.
Magazine: Anger for $1.8B’DGCX’Crypto Scam Ringleader taunts victim: Asian Express
