Cryptocurrency exchange coindcx hacked: New Delhi

New Delhi: Indian cryptocurrency exchange CoinDCX has suffered a security breach, resulting in theft of USD 44.2 million, or Rs 378 crore, even as the founders took to X to reassure that customer ... What happens to users’ funds on CoinDCX as security breach wiped out $44 million from the platform? Immediate preliminary investigation into the breach showed unauthorised access to CoinDCX’s account on one of its partner exchanges. Second major Indian crypto hack in a year. CoinDCX, one of India’s leading cryptocurrency exchanges, has confirmed a major cyberattack that led to the loss of around $44 million from one of its internal accounts. The breach occurred on July 19 and was publicly acknowledged by co-founder Neeraj Khandelwal the next day. CoinDCX hack: On July 19, hackers targeted India’s second-largest crypto exchange CoinDCX, resulting in losses worth $44 million (Rs 378 crore). The co-founders of the platform described the attack as a ‘sophisticated breach of their infrastructure’.