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On-chain detective ZachXBT: Indian exchange CoinDCX suspected of being hacked, with losses of approximately $44,200,000.00

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TechFlow
304Words
Jul 20, 2025

On July 20, according to on-chain detective ZachXBT's monitoring, the Indian centralized exchange CoinDCX is suspected of being attacked, with a loss of approximately $44,200,000, which has not yet been disclosed to the public. The attacker's address initially received 1 $ETH through Tornado Cash to initiate the operation and cross-chained some of the stolen assets from Solana to Ethereum. The affected CoinDCX hot wallet has not been publicly marked and is not included in the current proof of reserves, requiring manual attribution through counterparty analysis. [TechFlow]

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