🚨 CoinDCX Hacked: ₹370 Crores Stolen — Customers’ Funds Safe

🗓️ What Happened?
On *July 19, 2025, hackers stole over *₹370 crores** ($44.2 million) from CoinDCX — but didn’t touch user wallets. The breach targeted an internal operational wallet, not customer funds.

🕵️‍♂️ Attack Strategy

• Hackers began with a small ₹83 (1 USDT) test transaction.
• On July 19, they quickly drained the wallet holding Solana-based USDT/USDC.
• The stolen funds were laundered using Tornado Cash and routed via cross-chain bridges like Wormhole and Jupiter.
• Final loot included 155,830 SOL (approximately $27.6 million / ₹230 crores) and 4,443 ETH (approximately $15.7 million / ₹140 crores), split into two wallets, Solana wallet and Ethereum wallet.

⏳ Disclosure Delay

• A blockchain researcher first flagged the hack, 17 hours before CoinDCX officially confirmed it.
• The delay sparked criticism from the crypto community, as CoinDCX had previously promised transparency.

🛡️ CoinDCX’s Response

• CEO Sumit Gupta confirmed: “All user funds are safe and stored in secure cold wallets.”
• CoinDCX has announced a ₹92 crore bounty (25% of recovery) for help in tracing and retrieving the funds.
• They’ve engaged global cybersecurity experts to investigate and plug any vulnerabilities.

📉 Industry Impact

• This is one of the largest Indian crypto breaches ever.
• It highlights the need for robust wallet segregation and real-time monitoring.
• 2025 has already seen *over ₹18,000 crores in crypto thefts globally, with the *North Korean Lazarus Group suspected behind many attacks — including this one.

✅ Bottom Line:
Though CoinDCX lost ₹370 crores in an advanced exploit, not a single rupee of customer money was lost. The firm is now offering a record bounty and reinforcing its systems — a reminder that in crypto, security is everything.