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CoinDCX, a leading Indian crypto exchange, suffered a $44.2M hack on July 19, targeting an internal wallet. Customer funds remain safe, as the breach did not affect reserves. Crypto exchanges combine three core components of trading: settlement, execution, and custody. In traditional finance, these functions are segregated, making exchanges like the NYSE and NASDAQ resilient … Read more
CoinDCX has revealed that the $44 million exploit resulted from a server compromise affecting one of its internal liquidity accounts. In a detailed incident report released on July 20, the Indian crypto exchange confirmed that no customer funds were affected and that the entire loss will be absorbed by the company’s treasury. The attack was … Read more
Key Takeaways CoinDCX suffered a loss after hackers breached an internal operational wallet. Customer funds remain unaffected, and the exchange is working to recover stolen assets and enhance security, according to the team. Share this article CoinDCX, one of India’s largest crypto exchanges, reported Saturday that one of its internal wallets had been compromised. The … Read more
The WazirX hack, which saw the infamous North Korean Lazarus Group steal $235 million from the crypto exchange, notably affected the sentiments of the Indian crypto investors. Post the hack, users migrated to more trusted platforms. In an interview published on 5 May 2025, Sumit Gupta, the CEO of CoinDCX, a crypto exchange based in … Read more
India’s Enforcement Directorate has enlisted CoinDCX to provide custodian services for seized cryptocurrency. Enforcement Directorate, India‘s law enforcement and economic intelligence agency, has selected cryptocurrency exchange CoinDCX to manage cryptocurrencies seized during ongoing investigations. In a March 5 press release shared with crypto.news, CoinDCX confirmed it will manage the custody of confiscated assets, following its … Read more
India’s crypto sector has seen a steady growth despite a lack of a proper crypto regulatory framework. In a recent study done by Foresight Ventures, India is currently leading the digital currency adoption in Asia. Indonesia and Vietnam coming in a close second and third place. However, a good chunk of the Indian population, owing … Read more
“I hope crypto finds some mention in this Budget, and some relaxation is granted on crypto taxation,” said Sumit Gupta, CEO and co-founder of CoinDCX, one of India’s leading cryptocurrency exchanges, while talking to local media. Gupta highlighted that India must not shy away from regulating cryptocurrencies but instead take a leadership role in shaping … Read more
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