CoinDCX announced a significant fund leak due to a cyberattack, which led to the loss of nearly $44 million. The incident has sparked widespread resonance in the crypto community.
Circumstances of the Attack
CoinDCX confirmed the cyberattack, resulting in a theft of $44 million (₹384 crore). The stolen funds were traced through six accounts and eventually landed in a wallet suspected to be linked to North Korea's Lazarus Group.
Employee Arrest and Suspicions
Among those arrested was CoinDCX employee Rahul Agarwal, who reportedly used his work laptop during the hack. He fell victim to scammers through a fake online job, raising doubts about his guilt.
CoinDCX Response and User Implications
CoinDCX founder Sumit Gupta stated that the incident is likely related to social engineering. The company is working with cybersecurity to track the hackers. All customer funds remain safe in cold wallets.
The CoinDCX incident remains under investigation. The question of Rahul Agarwal's guilt remains unclear, but this event highlights the importance of security in the crypto industry.
