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Promote with Leviathan NewsIndian crypto exchange CoinDCX disclosed that a security incident led to the compromise of one of its internal operational accounts used exclusively for liquidity provisioning on a partner exchange, following what the company described as a sophisticated server-level breach. According to public statements by co‑founder and CEO Sumit Gupta, attackers gained control of this internal liquidity account and drained approximately $44–44.3 million (around ₹370–378 crore) across assets including ETH and SOL, but did not access customer-facing wallets. CoinDCX emphasized that customer funds remain safe in segregated cold wallets, and that the platform’s core trading services and INR deposits/withdrawals continue to operate normally. The company has stated that it will absorb the entire financial loss from its own treasury, with no impact on user balances. Following the incident, CoinDCX engaged external cybersecurity firms, notified relevant authorities, and began forensic investigations alongside the partner exchange to trace stolen funds and patch infrastructure vulnerabilities. The case underscores the systemic risk posed by internal liquidity and infrastructure accounts at centralized exchanges, where a single compromised server or private key can lead to large treasury losses even when customer hot and cold wallets remain secure. For users and industry observers, the breach highlights the importance of operational security around backend infrastructure, not just visible customer wallet systems.
AI-generated background, compiled from web sources — not editorial content.
businesstoday.in ·
Financefeeds ·
decrypt.co ·
CoinTelegraph ·
The Block ·
𝕏/@CryptooIndia ·
businesstoday.in ·
Financefeeds ·
decrypt.co ·
CoinTelegraph ·
The Block ·
𝕏/@CryptooIndia ·
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