Crypto Excination Coindcx Falls Lacktim to $ 44 million penetration star-news.press/wp

The Indian company Exchang Coindcx was attacked by cybersecurity, which led to a loss of $ 44 million. This incident comes exactly one year after Excination Indian Wazirx was hacked by $ 235 million.

Coindcx server breach: User money is safe

in X post On July 19, Coatcx Sumit Gupta CEO said that the encryption exchange suffered from a server breach of one of its internal operating accounts. Gobta said that the affected wallet address is used only to supply liquidity in the exchange of partners. Therefore, all assets in the user portfolios are safe and calculated, with INR withdrawals at full capacity.

Moreover, Coindex CEO states that the penetration was contained by isolating the affected operational account. Meanwhile, the value of the total assets lost will be compensated by the stock market reserve, as efforts begin to track the parties behind this penetration.

Gupta explains that these efforts involve many legs, starting from the continuous internal security review to the planned launch of the Bug Bounty program.

CoINDCX CEO said:

Our security and internal operations teams work throughout the day alongside the leading cybersecurity partners to investigate the matter, correct any weaknesses and track the movement of funds. We are cooperating with the exchange partner to prevent and recover assets, including going out with the Bug Bounty program soon.

At the same time, the investigator of the Zachbt series criticize CoINDCX to detect the hacking incident 17 hours after it occurred, although the claim to work in transparency. Meanwhile, the famous investigator also shared some updates about the conduct of infiltrators in a telegram:

The attacker’s address was funded by 1 ETH from Tornado Cash and blocked part of the stolen money from Solana to Ethereum.

Sumit Gupta described the violation of security as an educational moment, as the encryption industry continues to take major steps in fighting cybersecurity threats.

The coding service losses reach $ 2.17 billion

It is worth noting that the attack on Coindcx represents the latest major breakthrough in the encryption industry, which confirms the continuous need for strong and developed security measures. At the same time, data by analysis He appears Poor actors took out a total stolen money of $ 2.17 billion of encryption services in 2025 H1 alone.

This revelation is very frustrated because the reported reporting is already greater than the total value lost in 2024, which was approximately $ 2 billion. Chainanalysis warns that if the current rate of successful malignant events occur, the coded currency works may end with an amount of $ 4.3 billion expected.

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