Cryptocurrency exchange CoinDCX reported an exploit that resulted in funds being moved across multiple wallets and protocols. The CEO confirmed that user assets remain safe.
Description of the Incident
The exploit was first flagged after on-chain data revealed suspicious activity involving Tornado Cash. The attacker reportedly received 1 ETH via the crypto mixer before executing a series of cross-chain transfers, moving funds from Solana to Ethereum—a technique often used for laundering.
CEO's Comment
CoinDCX CEO Sumit Gupta confirmed the incident, clarifying that the compromised wallet was used for liquidity management on a partner platform and did not hold customer assets. He assured users that all funds remain safe.
Investigation Measures
Cyvers Alerts, which initially detected the anomaly, noted that the stolen funds were quickly dispersed across multiple wallets and protocols, complicating traceability. The platform has since frozen impacted systems and launched a full investigation with third-party security experts.
Thus, CoinDCX is taking all necessary steps to ensure the security of its platform and user funds while continuing to investigate the incident.
