🧨 Cryptocurrency Exchange CoinDCX Hacked: ₹368 Crore Lost in Sophisticated Breach
📅 July 20, 2025 | By Capital Wallah
In one of the biggest crypto hacks in Indian history, CoinDCX, a leading Indian cryptocurrency exchange, has suffered a massive security breach, resulting in a loss of ₹368 crore (approx. $44 million). This incident has sent shockwaves across the Indian crypto community, raising serious questions about crypto exchange security and fund protection.
🔍 What Happened in the CoinDCX Hack?
According to official statements, the breach occurred between July 19–20, 2025, and targeted one of CoinDCX’s internal operational accounts—commonly used for liquidity provisioning on partner exchanges.
Key Details of the Hack:
- 💸 Amount Lost: ₹368 crore (~$44 million USD)
- 🔓 Breach Type: Hot wallet compromise
- 🔐 Customer Funds: Unaffected and held in secure cold wallets
- 🛡️ Response Time: Breached account isolated immediately
- 🔄 Web3 services paused temporarily; resumed within hours
⚠️ Was Your Crypto Affected?
No. User assets are completely safe.
CoinDCX clarified that the breached funds were from its own treasury, not customer holdings. All user wallets remain untouched, and the platform’s INR trading and withdrawals continue without interruption.
🧠 CoinDCX’s Security Measures and Investigation
CoinDCX is working with international cybersecurity experts and India’s CERT-In (Computer Emergency Response Team) to conduct a full forensic audit of the breach. The exchange has also:
- Launched a bug bounty program
- Initiated tracking of stolen funds across partner exchanges
- Announced it will absorb the entire financial loss internally
💬 Statement from CoinDCX Founders
“We take full responsibility. User funds remain safe. We’re doubling down on transparency, compliance, and robust security,”
said Sumit Gupta, Co-Founder of CoinDCX.
This statement is seen as an attempt to maintain investor confidence amid rising concern over crypto platform safety in India.
🌐 Crypto Hacks in 2025: A Growing Trend
CoinDCX is not alone. The global crypto space has witnessed a spike in sophisticated hacks this year, with exchanges and DeFi protocols losing over $600 million collectively in 2025 alone.
In India, this follows the 2024 WazirX hack, where losses exceeded $230 million—making CoinDCX’s ₹368 crore loss the second-largest so far.
🔑 Lessons for Crypto Investors
As the crypto market matures, security-first platforms and user awareness are more critical than ever. Here’s what you can do:
- ✅ Use exchanges with cold storage practices
- 🔐 Enable 2FA and withdrawal whitelist features
- 💼 Store long-term holdings in hardware wallets
- 🕵️♂️ Stay updated on platform audit reports and bug bounty results
📊 Final Words: Trust is Earned with Transparency
While the CoinDCX hack is a significant setback, the company’s swift response and willingness to absorb the loss may help restore investor trust. As the Indian crypto ecosystem continues to grow, such events remind users and developers alike: security is not optional—it’s foundational.
Our Query –
- CoinDCX hack 2025
- ₹368 crore crypto exchange loss
- Cryptocurrency exchange hacked India
- Crypto security breach India
- CoinDCX cybersecurity update
- Crypto platform bug bounty India
- CoinDCX customer funds safe?