CoinDCX Hacked: Threat Actors Walk Away With $44 Million
Summary
Indian cryptocurrency exchange CoinDCX was hacked, resulting in a $44 million loss. Hackers breached a server and compromised an internal account used for liquidity provisions. CoinDCX CEO Sumit Gupta confirmed that no user funds were affected, as customer wallets are segregated from operational accounts. The loss will be covered by CoinDCX's treasury reserves. The attacker's address received 1 Ether from Tornado Cash and transferred stolen funds from Solana to Ethereum. This incident highlights ongoing cybersecurity threats in the crypto industry, with a similar hack occurring at WazirX one year prior.
