CoinDCX, one of the largest crypto exchanges in India, has suffered a $44 million loss after bad actors compromised an internal account used for liquidity with an unnamed partner exchange. This hack comes just a year after a $230 million exploit took down another top Indian exchange, WazirX. CoinDCX Hit With ‘Sophisticated Server Breach’ Blockchain sleuth ZachXBT flagged a breach on CoinDCX on Saturday after identifying the affected wallet as belonging to the crypto exchange. “The attacker address was funded with 1 ETH from Tornado Cash and later bridged a portion of the stolen funds from Solana to Ethereum,” ZachXBT said on Telegram. Shortly afterward, CoinDCX CEO Sumit Gupta confirmed the hack in a post on the X platform, blaming a “sophisticated server breach” that compromised one of its internal wallets. “Today, one of our internal operational accounts — used only for liquidity provisioning on a partner exchange — was compromised due to a sophisticated server breach,” CoinDCX CEO Sumit Gupta said in apublic statement. While the hack affected an operational wallet, Gupta assured that no customer assets were affected and they remain secure in cold wallet storage. He said the exchange intends to cover the loss from its own treasury reserves. “The incident was quickly contained by isolating the affected operational account,” Gupta wrote. “Since our operational accounts are segregated from customer wallets, the exposure is only limited to this specific account and is being fully absorbed by us — from our own treasury reserves.” CoinDCX has teamed up with cybersecurity experts to investigate the hack, address vulnerabilities, and track the movement of the stolen funds. CoinDCX is also working with its exchange partners to block and retrieve the looted assets and intends to launch a bug bounty program. The security breach on CoinDCX comes exactly one year after WazirX, formerly India’s largest crypto exchange, suffered a staggering $235 million loss believed to be orchestrated by North Korean hackers. The embattled exchange halted all operations after the hack, and last month, a Singapore court granted the company’s request to present more arguments for its restructuring plan. It’s currently unclear if the same infamous hacking group is behind the CoinDCX hack.