CoinDCX Hack 2025: $44 Million Breach Confirmed — But Why Your Funds Are Still 100% Safe
CoinDCX’s $44 Million Breach: What Happened — and Should You Be Worried?
CoinDCX Security Breach Causes Stir — But Your Money’s Still Safe
CoinDCX, one of India’s leading cryptocurrency exchanges, has officially confirmed aserver-side security breach involving one of its internal accounts.In an industry often criticised for lack of transparency, CoinDCX did something rare—it owned up to it.
But here’s the twist: despite the breach,no user funds were lost.Yes, you read that right.
With an estimated$44 million (roughly £35 million)allegedly transferred via privacy-focused platforms like Tornado Cash, there’s a lot to unpack—from blockchain sleuths raising alarms to 17 hours of company silence that followed. Let’s break it down.
How theCoinDCXBreach Happened — and What Was Compromised
The breach reportedly affected aliquidity management account, not a user wallet. According to CEO Sumit Gupta, the issue was contained immediately, and all user funds remain fully protected incold wallet infrastructure.
“Our user funds are 100% safe. Any losses will be covered by the company,” —Sumit Gupta, CEO, CoinDCX
Independent blockchain analysts likeZachXBTandCyvers Securitydetected unusual outflows from a wallet linked to CoinDCX—money that appears to have beenrouted through Tornado Cash, a mixer protocol often used to anonymise transactions.
While the company hasn’t disclosed the exact amount lost,experts estimate the figure at around $44 million, raising legitimate concerns.
Why Did CoinDCX Delay the Disclosure by 17 Hours?
This is the million-pound question. According toTimes of India (TOI), the suspicious transactions occurredalmost 17 hours beforeCoinDCX made the breach public.
That delay triggered a wave of speculation. Was it a cover-up? Or due diligence?
CEO Sumit Gupta clarified:
The affected account wasisolated immediately.
Externalcybersecurity specialistswere brought in to investigate.
User funds stored incold walletswere never at risk.
Given these steps, many industry watchers say CoinDCX handled the situationbetter than most global exchanges, which often go silent or evasive after a hack.
Company Will Cover All Losses — A Rare Move in the Crypto Space
In a bold and reassuring move, CoinDCX confirmed thatany financial losses from the breach will be fully covered by the company’s treasury.Unlike many platforms that push losses onto users, CoinDCX is taking full responsibility.
Additional Assurances:
INR (Indian Rupee)withdrawals and trading remain unaffected.
Abug bounty programmehas been launched to reward those who help identify security flaws.
UK Insight:In a landscape filled with dodgy exchanges and zero accountability, CoinDCX’s proactive approach is refreshing—and frankly, a lesson to other players in the space.
Blockchain Detectives on the Case — ZachXBT & Cyvers Played a Key Role
The breach didn’t come to light because of CoinDCX’s internal systems alone. It wasflagged by ZachXBT, a well-known blockchain investigator, andCyvers, a cybersecurity firm specialising in crypto.
What They Found:
Funds were transferred from a CoinDCX-linked wallet viaTornado Cash.
Multiplehigh-value, obfuscated transactionstriggered alerts.
These indicators suggested deliberate attempts to hide transaction trails.
This event proves thatblockchain transparency and crowd-sourced monitoringare becoming powerful tools in holding even major platforms accountable.
What’s Next for CoinDCX? The Road Ahead
What We Know So Far:
CoinDCX hasnot yet revealed the total loss or the third-party exchangeassisting in tracking the stolen funds.
CEO Gupta assures thatupdates will be shared in real-timeas the investigation progresses.
Upcoming Initiatives:
Bug Bounty Expansion— Encouraging white-hat hackers to test platform security.
Infrastructure Upgrades— Likely to include multi-layer authentication and server hardening.
User Awareness Campaigns— Educating users on account-level crypto safety.
CoinDCX seems to bedoubling down on security, ensuring such an incident doesn’t happen again.
5 Takeaways for Crypto Users — How to Stay Safe
The breach is a reminder for all crypto users—whether you’re investing in Bitcoin or meme tokens—to takeself-custody and account security seriously.
Top 5 Crypto Safety Tips for UK Users:
Use Cold Wallets for Long-Term Holdings— Keep them offline and away from exchanges.
Enable 2FA Everywhere— Especially on exchanges like CoinDCX, Binance or Coinbase.
Track Transaction History Regularly— Look for anything out of the ordinary.
Follow Verified Crypto News Sources— Stay alert to platform-specific incidents.
Don’t Trust, Verify— Avoid suspicious messages, phishing emails, or fake support links.
So, Should You Still Trust CoinDCX?
This breach may rattle confidence, buthow a company reacts matters more than the breach itself. CoinDCX has done something rare:
Admitted the breach
Promised reimbursement
Taken swift action
Kept users in the loop
That’s more than you can say for most exchanges—even in the West.
Final Thought — What Would You Do If It Were Your Funds?
What if your exchange got hacked tomorrow—would they protect you like CoinDCX did?
📢Tell us your thoughts!
Would you still use CoinDCX? Share this with fellow crypto holders and join the discussion.
