Cryptocurrency exchange coindcx hacked: India’s second-largest cryptocurrency exchange

India’s second-largest cryptocurrency exchange, CoinDCX, confirmed a sophisticated security breach on July 19, 2025, resulting in approximately $44.2 million being stolen from the platform. CoinDCX, a local crypto exchange serving India, was the victim of a hack that left the exchange drained of $44 million, though user funds remain safe. The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach. No user funds were affected by the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all customer funds remain safe and wrote: Crypto-exchange CoinDCX hacked: $44 million gone in a blink — Here’s all you need to know CoinDCX confirmed a $44 million security breach, but assured customers their assets are secure. The co ...