AMB Crypto reports:
One of the largest crypto exchanges in India, CoinDCX, lost $44 million in a significant hack.
The hack occurred in the early hours of Saturday in India, and came after the $230 million exploit that took down the Indian exchange WazirX almost exactly a year ago.
Well-known blockchain sleuth ZachXBT was the first to identify the hack via a post on Telegram.
“Looks like the India centralized exchange ‘CoinDCX’ was likely drained for ~$44.2M almost 17 hours ago and has yet to disclose the incident to the community“.
Minutes after the investigator’s post, the CEO of CoinDCX, Sumit Gupta, confirmed the incident in a post on X.
“Today, one of our internal operational accounts – used only for liquidity provisioning on a partner exchange – was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe.”
He added,
“No customer funds have been impacted. Your assets remain completely safe and protected in our secure cold wallet infrastructure. All trading activity and INR withdrawals are fully operational.”
Read more at AMB Crypto.
