Daijiworld Media Network- New Delhi

New Delhi, Jul 20: One of India’s leading cryptocurrency exchanges, CoinDCX, has confirmed a massive hacking incident resulting in a staggering loss of approximately Rs 368 crore. The breach, which occurred early Saturday, targeted an internal account used for liquidity operations. The platform has assured that no user funds have been compromised.

The compromised account, according to the company, was not linked to customer holdings but was used for internal operations on a partner exchange. Co-founder Sumit Gupta stated that the breach resulted from a sophisticated server-side attack and assured that the company’s treasury is strong enough to absorb the loss. He urged investors not to panic and avoid emotional sell-offs which could worsen market conditions.

In response to the breach, CoinDCX temporarily paused its Web3 platform as a precautionary measure but resumed services soon after. Regular trading and INR withdrawals remained active throughout, and the company maintained uninterrupted user access.

CoinDCX’s cybersecurity team has launched a detailed investigation in coordination with global partners to trace the stolen assets and strengthen digital infrastructure. The company also announced plans to introduce a bug bounty programme, inviting ethical hackers to identify vulnerabilities in return for rewards.

This major breach comes at a time when India is preparing to release its first national cryptocurrency policy. CoinDCX emphasized that it is taking the incident seriously and will share all verified details post-investigation. Despite the setback, the company remains committed to building a secure and trustworthy crypto environment in India.