Wormhole

$44 Million Vanishes in CoinDCX Hack; User Funds Safe, Says Company

$44 Million Vanishes in CoinDCX Hack; User Funds Safe, Says Company

National Times Bureau: In a significant blow to India’s crypto ecosystem, leading cryptocurrency exchange CoinDCX has reported a major security breach that led to the loss of approximately $44 million (around ₹378 crore). The platform clarified that the breach did not impact customer funds, which remain safe and accessible.The breach occurred on July 19, targeting an internal operational account used exclusively for providing liquidity on a partner exchange. CoinDCX, in an incident report released on Sunday, said the account was compromised through a "sophisticated server breach." The attacker gained unauthorized access to the liquidity infrastructure, allowing them to siphon off…
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