CoinDCX Hit By Cyberattack: Exchange To Cover Rs 368 Crore Loss From Treasury
The breached account was reportedly used for liquidity provisioning on a partner exchange. The platform has since isolated the affected account, and security teams are actively working with cybersecurity firms to investigate the incident and patch vulnerabilities.
While CoinDCX has not disclosed the exact amount involved, blockchain investigator ZachXBT and security firm Cyvers flagged unusual wallet activity. ZachXBT estimated that nearly $44.2 million was drained, with stolen funds reportedly moved from Solana to Ethereum, and routed via Tornado Cash — a tool known for obfuscating transactions.
ZachXBT raised the alarm nearly 17 hours before CoinDCX publicly acknowledged the breach.
CoinDCX To Cover Losses, No Impact On Users
Reassuring its users, CoinDCX said it would bear the entire loss from its own treasury reserves, which it claimed are 'sufficiently healthy" to absorb the impact.
'This won't cause any loss to our customers," Gupta emphasized. 'CoinDCX will be bearing the full amount."
The CEO further urged users not to panic and avoid distress selling of their assets.
INR Withdrawals And Trading Continue Smoothly
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