Indian crypto exchange CoinDCX confirmed a security breach in one of its internal wallets, with around $44 million in USDC and USDT reportedly stolen. The hack, which occurred between July 18–20, impacted a liquidity provisioning wallet on Solana, not user funds. CEO Sumit Gupta assured that losses are being covered by the company’s reserves and customer assets are safe. Trading and INR withdrawals remain functional. CoinDCX is investigating with partners and promises a full post-mortem soon. The breach follows last year’s $235M WazirX hack, sparking renewed concerns about crypto security in India.
Credit: YourStory
