CoinDCX Hack: $44M Stolen But Customer Funds Safe

CoinDCX confirms $44M crypto theft. Hack limited to internal account—no customer funds impacted. Investigation underway.
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CoinDCX Hack: $44M Stolen But Customer Funds Safe
CoinDCX Hack: What Really Happened in the $44 Million Crypto Theft India’s largest crypto exchange, CoinDCX, recently confirmed a major security breach that resulted in the loss of $44 million worth of digital assets. The CoinDCX hack has raised serious concerns within the crypto community, with many wondering how such a well-established platform fell victim to a targeted attack. If you're a crypto investor, enthusiast, or just curious about how this happened, this post breaks down the key details you need to know—what was stolen, how it was done, and most importantly, whether user funds are safe. Let's take a closer look at what led to one of the largest crypto thefts in India to date. Image Credits:Jagmeet Singh How the CoinDCX Hack Happened According to CoinDCX co-founder and CEO Sumit Gupta, the breach stemmed from a compromised internal operational account. This account, which was used solely for liquidity provisioning on a third-party partner exchange, was not connected to a…