CoinDCX, one of India’s top crypto exchanges, disclosed a $44 million hack on Sunday, leading to major fund losses.
CoinDCX confirmed that customer assets remain safe, unaffected, and fully accessible.The hack was promptly contained, impacting only internal accounts used for liquidity on a partner platform. Trading and withdrawals remain fully functional.
Unapproved access resulted in a $44 million drain from an internal account, with assets transferred through Solana-Ethereum bridges into 4,443 ETH and 155,830 SOL.
CoinDCX stated that wallet movements are being closely monitored with an international analytics firm.
“This event, confined to a single internal account without affecting customers, underscores the escalating risks facing the worldwide crypto industry,” said Sumit Gupta, co-founder and CEO of CoinDCX.
“As the nation’s biggest exchange, we are committed to enhancing security, safeguarding users, and establishing a reliable foundation for India’s digital asset market,” Gupta said.
The company announced, “On July 19, 2025, an internal CoinDCX account dedicated to liquidity on a partner exchange was involved in a security incident.”
The company’s website reports 16 million registered users and more than 500 crypto assets.
