CoinDCX Hack: India’s second-largest cryptocurrency exchange, CoinDCX, suddenly had to face a security breach on 19 July 2025. This means that hackers tried to hack the CoinDCX system. The hacker stole around 40 million dollars, approximately 368 crore rupees.
So the question is, if you are a CoinDCX user, is your money safe, can you trade in crypto, and can you withdraw your money? Let’s talk about this in detail.
Were CoinDCX Customer Funds Affected?
If you are worried whether your money is safe or not, then the answer is your money is 100% safe, not only yours, but all the crypto assets and INR stored by all CoinDCX customers are absolutely safe.
Because CoinDCX has kept all the funds and assets of its customers on cold wallet. Cold wallet is a special wallet which cannot be easily hacked by anyone.
Which Wallet was Hacked?
Hacker has been able to hack an internal wallet of Coindcx. Hacker has stolen around 44 million dollars from this internal wallet. This is an operational account that CoinDCX uses for trading and providing liquidity on its partner exchange.
Customer’s money is not kept in this wallet. Therefore, if the internal wallet is hacked, only Coindcx’s own money will be lost, not the customers.
How did the Hacking Happen?
Hackers secretly entered the CoinDCX system with the help of a sophisticated server bridge and took control of an internal wallet. Apart from this, the hacker used 1ETH cryptocurrency from “Tornado Cash” to hide his identity so that no one could know where the money came from and where it went.
After stealing the money, the hacker transferred the funds to two different blockchains “Ethereum” and “Solana”, this makes tracking the hackers even more difficult.
How did CoinDCX Respond?
As soon as CoinDCX detects suspicious activity, the hacked wallet is immediately isolated so that hackers are unable to hack other wallets or cause harm to the system.
CoinDCX has publicly stated that whatever loss has occurred, CoinDCX will compensate it from its own funds.
Steps Taken to Improve Security of CoinDCX
CoinDCX has called in top cybersecurity experts to investigate the matter, and all issues and bugs are currently being fixed.
Apart from this, CoinDCX has said that they will soon launch a bug bounty program, where rewards will be given to ethical hackers who find bugs and report them to CoinDCX.
What is the Current Situation of CoinDCX?
If we talk about the current status of Coindcx, then the CoinDCX app and website are working very well, there is no issue, you can safely trade in crypto as you used to do earlier. You can also withdraw your money without any restrictions.
What should CoinDCX Users do now?
If you have crypto on CoinDCX, then there is no need to panic; your money will remain in your account. Do not sell your crypto in a hurry, wait for the market to stabilize. We will make our system safer, more secure, and stronger than before. We have learned a lot from this and will improve everything. Just do not lose trust in us and use CoinDCX as you did before.