On July 19, 2025, CoinDCX, one of India's leading cryptocurrency exchanges, experienced a significant security breach. Hackers accessed an internal operational account used for liquidity provisioning, resulting in the theft of approximately $44 million (around ₹378 crore). Importantly, the compromised account was separate from customer wallets, ensuring that users' funds remained unaffected.

CoinDCX promptly isolated the affected systems and initiated a comprehensive investigation with cybersecurity experts. To address the loss, the company has committed to covering the stolen amount from its own treasury reserves. Additionally, CoinDCX has launched a bug bounty program, offering rewards to individuals who can help identify vulnerabilities and enhance platform security.

This incident underscores the importance of robust security measures in the rapidly evolving cryptocurrency landscape. CoinDCX's swift response and commitment to transparency aim to reinforce user trust and set a precedent for industry standards. As the crypto market continues to grow, such proactive measures are vital to ensure the safety and confidence of all participants.