Oh dear, it appears our beloved Indian crypto exchange, CoinDCX, has found itself in quite the pickle! The audacious amount of approximately $44.2 million has been spirited away into the ether, thanks to charming blockchain detective ZachXBT and the ever-vigilant security esprit, Cyvers.
One might say it’s a swindle that even the best of thieves would envy! 😏
The Tornado Cash Tango: CoinDCX’s Dance with Disaster
Our dear ZachXBT has turned sleuth once again, revealing the dastardly deed of an attacker who snagged 1 ETH via Tornado Cash and gallantly bridged funds from Solana to Ethereum. A round of applause for what seems to be a well-choreographed cross-chain laundering extravaganza! 💃
The movements of assets resemble a crafty little ballet across various addresses, akin to a performance of The Nutcracker! Yet, the compromised wallet in question was not included in CoinDCX’s much-celebrated proof-of-reserve reports, which would have required a rather tedious manual attribution. Talk about a plot twist! 🎭
CoinDCX’s Dramatic Apology: “Don’t Worry, Your Funds are Fine!”
In a heartfelt revelation, CoinDCX Co-founder and CEO Sumit Gupta stepped onto the stage to acknowledge this missive not long after ZachXBT’s riveting revelation. He assured us that the breach involved an internal wallet—naturally used for liquidity on a partner exchange, and not one meant for the lovely customer funds. Phew! What a relief, right? 😌
Greetings, dear audience!
At @CoinDCX, we cherish honesty in our relations with you, thus I am sharing this delightful turn of events directly.
Today, one of our internal operational accounts—merely for liquidity provision on a partner exchange—was compromised due to a…
— Sumit Gupta (CoinDCX) (@smtgpt) July 19, 2025
According to Mr. Gupta’s statement, the platform is currently inquiring into the server breach—no doubt a gripping tale in its own right. Internal systems have been frozen faster than one can say “crypto crisis,” and security experts are on the scene, working diligently as if in a high-stakes heist film!
This riveting saga was initially unearthed by Cyvers Alerts, who detected suspicious withdrawals from CoinDCX’s hot wallet. With the funds nimbly escaping through a network of wallets, tracing has turned into quite the detective mystery. 🕵️♂️
And so, dear reader, we shall keep our eyes peeled on this dramatic and evolving story—after all, in the world of cryptocurrency, anything can happen. Stay tuned for the next act!
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2025-07-19 20:33