CoinDCX Hit by $44.2-Million Breach; Assures Funds Are Safe

INDIAN CRYPTOCURRENCY EXCHANGE CoinDCX has suffered a security breach, resulting in the theft of $44.2 million, or ₹378 crore, even as the founders took to social media platform X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account.

- PRESS TRUST OF INDIA

INDIAN CRYPTOCURRENCY EXCHANGE CoinDCX has suffered a security breach, resulting in the theft of $44.2 million, or ₹378 crore, even as the founders took to social media platform X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account. The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on Sunday.

According to the report, on July 19, at 4 AM IST, CoinDCX security systems detected an incident involving unauthorized access to one of its accounts on the partner exchange, leading to a financial exposure of about $44 million.