ZachXBT: Indian Cryptocurrency Exchange CoinDCX Reportedly Experiences Breach, Losing Approximately $44.2 Million

Blockbeats
20 Jul

BlockBeats News, July 20th, ZachXBT posted on his personal channel that "It appears India's centralized exchange CoinDCX may have been hacked approximately 17 hours ago, losing about $44.2 million, but has not yet disclosed this event to the community.

The attacker's address initially received 1 ETH as seed funding through Tornado Cash, then transferred some of the stolen funds from Solana to Ethereum. Thanks to @Cyvers for alerting me to these suspicious transfers. The affected CoinDCX hot wallet has not been publicly identified and is not included in the current reserve proof, so I can only manually identify ownership by reviewing the counterparty addresses.

The theft address is as follows:

6peRRbTz28xofaJPJzEkxnpcpR5xhYsQcmJHQFdP22n

3btch8cSVp3Uh2SiY9DeiRNYUBmFiBNHZQzDyecJs7Gu

0xEF0c5b9E0E9643937D75C229648158584A8CD8D2」

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10