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CoinDCX is like a stock market app—but for cryptocurrencies like Bitcoin and Ethereum.
It’s one of India’s biggest crypto trading platforms, where people can buy, sell, and invest in digital currencies using their phone or computer.
Started in 2018, CoinDCX says it takes safety very seriously and follows Indian rules. It has over 1 crore users in India.
🔐 What happened? (The Cyber Theft of ₹378 Crore / $44 Million)
On July 19, 2025, something bad happened:
💥 A hacker stole ₹378 crore (about $44 million) from CoinDCX.
But don’t worry —
🔸 No customer lost money
🔸 Only the company’s internal account was hacked
👇 How it happened:
CoinDCX had an internal account used to make sure there’s enough money on partner exchanges for smooth trading.
Hackers broke into this internal system and stole a huge amount of crypto coins:
Over 1.5 lakh SOL coins
Over 4,400 ETH coins
They moved the stolen coins across different blockchains using tools like Wormhole and Tornado Cash (these are tools hackers often use to hide tracks).
🚨 How did CoinDCX react?
The company quickly stopped the hack and shut down the affected account.
It promised that user accounts and funds are 100% safe.
It also said they will bear the full loss from their own money, so customers are not affected.
Trading and withdrawals are working as normal.
They started a bounty offer of ₹91 crore ($11 million) for anyone who can help them catch the hacker or recover the money.
👮 Is someone investigating?
Yes!
CoinDCX is working with:
India’s cybercrime agency (CERT-In)
Top global cyber experts
Blockchain tracing companies
Some experts believe that this hack might be done by the same group (Lazarus Group from North Korea) that hacked other crypto firms in the past.
⚠️ Why is this important?
This is one of the biggest crypto hacks in India, after the WazirX hack in 2024.
It shows that even big crypto companies can be hacked if not fully secure.
It reminds everyone—crypto is risky, and strong security and government rules are needed.
