Indian crypto exchange CoinDCX hacked, $44 million drained

Indian cryptocurrency speech CoinDCX was hacked connected Friday, leaving the speech drained of $44 million. 

The hackers compromised 1 of CoinDCX’s interior accounts utilized for “liquidity provisions” with different speech done a server breach.

No idiosyncratic funds were affected owed to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO besides said that each lawsuit funds stay harmless and wrote:

“The incidental was rapidly contained by isolating the affected operational account. Since our operational accounts are segregated from lawsuit wallets, the vulnerability is lone constricted to this circumstantial relationship and is being afloat absorbed by us, from our ain treasury reserves.”

“The attacker's code was funded with 1 Ether (ETH) from Tornado Cash and aboriginal bridged a information of the stolen funds from Solana to Ethereum,” onchain sleuth ZachXBT said.

Funds stolen done the CoinDCX hack traced. Source: ZachXBT

Cointelegraph reached retired to CoinDCX for remark but was incapable to get a effect by the clip of publication.

Analyst Infinity Hedge noted that fashionable Indian speech WazirX was hacked for $235 million connected this nonstop date, 1 twelvemonth agone — a reminder of the persistent cybersecurity threats facing the crypto manufacture and investors.

Related: Crypto losses deed $2.5B successful archetypal fractional of 2025, but hacks autumn successful Q2: CertiK

Other crypto exchanges that fell prey to hackers successful the past month

Iranian speech Nobitex was hacked for $100 million connected June 18 successful a politically-motivated attack by a pro-Israel hacker radical calling itself “Gonjeshke Darande.”

After stealing $100 cardinal successful the archetypal hack, the radical leaked the root codification for the speech online, further exposing users of the crypto platform.

GMX V1, a mentation of the GMX Protocol perpetual speech operating connected the Arbitrum blockchain network, suffered a cybersecurity exploit on July 9, with the hacker making distant with $40 million.

However, the hacker returned the stolen funds several days later, accepting a $5 cardinal achromatic chapeau bounty successful instrumentality for the $40 cardinal successful crypto.

Decentralized concern (DeFi) level Arcadia Finance was the people of a smart declaration exploit connected Tuesday, starring to $3.5 cardinal successful crypto drained by the menace actor.

Magazine: Outrage arsenic $1.8B ‘DGCX’ crypto scam ringleader mocks victims: Asia Express