The recent incident involving CoinDCX, which resulted in a loss of $44.2 million, has raised significant concerns in the community. Reports of the hack first emerged from the security firm Cyvers.
CoinDCX Hack Incident
CoinDCX, a well-known cryptocurrency exchange, suffered an attack that led to a loss of $44.2 million. This incident became public knowledge thanks to a report from Cyvers, a cybersecurity firm.
Response from CoinDCX Management
CoinDCX CEO Sumit Gupta addressed the situation on the platform X. He provided detailed insights into the incident and reassured users that customer funds remain untouchable.
Technical Details of the Incident
According to investigators, the attacker utilized Tornado Cash to anonymize funds and bridged them from Solana to Ethereum.
The incident with CoinDCX highlights the critical importance of cybersecurity in the crypto industry. Despite the significant monetary loss, the management assures the safety of user assets.
