CoinDCX confirmed a cyberattack on July 19, 2025, resulting in a $44 million loss, but assured that customer funds remained secure. The incident was contained quickly, with ongoing investigations and efforts to prevent future vulnerabilities. #CoinDCX #Cyberattack #CryptoSecurity
Keypoints
- CoinDCX suffered a cyberattack targeting an internal operational account on July 19, 2025.
- The breach did not affect customer wallets or trading operations, which remain active.
- The company lost approximately $44 million, absorbed by treasury reserves, and contained the incident swiftly.
- The platform has temporarily suspended its Web3 services as a precaution, ensuring user funds are safe.
CoinDCX is collaborating with cybersecurity experts and launching a bug bounty program for enhanced security.