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India\u2019s largest crypto exchange CoinDCX<\/a> has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto.<\/p>\n On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X<\/a> that an internal account \u201cused only for liquidity provisioning on a partner exchange\u201d was compromised during the hack. The executive assured that the incident did not affect customer funds and that all its customer assets remain secure.<\/p>\n Earlier in the day, crypto security researcher ZachXBT reported that around $44.2 million was drained from CoinDCX\u2019s coffers due to the incident.<\/p>\n \u201cThe attacker address was funded with 1ETH [Ethereum] Tornado Cash and later bridged a portion of the stolen funds from Solana to Ethereum,\u201d the researcher posted on their Telegram channel.<\/p>\n CoinDCX confirmed the loss amount to TechCrunch, stating that the funds were routed through Solana-Ethereum bridges and consolidated into 4,443 Ethereum and 155,830 Solana, which currently remain dormant. The crypto exchange also noted that it is working with India\u2019s Computer Emergency Response Team, CERT-In, and partner exchanges to investigate the matter.<\/p>\n The Indian crypto exchange, registered with the government\u2019s Financial Intelligence Unit, boasts over 16 million users and offers access to more than 500 crypto assets.<\/p>\n \u201cThe incident was quickly contained by isolating the affected operational account,\u201d said Gupta in an X post. \u201cSince our operational accounts are segregated from customer wallets, the exposure is only limited to this specific account and is being fully absorbed by us \u2014 from our own treasury reserves.\u201d<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> Gupta noted that the company was working with the exchange partner to block and recover assets. \u201cI understand incidents like this can be unsettling \u2014 even when customer assets are unaffected,\u201d he said.<\/p>\n The exchange also launched a \u201crecovery bounty\u201d program<\/a> on Monday to award up to 25% of any recovered funds to anyone who can help trace and retrieve the stolen crypto.<\/p>\n \u201cMore than recovering the stolen funds, what is important for us is to identify and catch the attackers, because such things shouldn\u2019t happen again, not with us, not with anyone in the industry,\u201d said Gupta.<\/p>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 27-29, 2025<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n