CoinDCX's internal liquidity account was compromised, but customer funds remain secure; recovery efforts are in collaboration with cybersecurity experts and authorities.
CoinDCX reported a $44 million exploit due to a server compromise affecting its internal liquidity account, confirming that customer funds are secure in cold storage. The incident was detected on July 19, and the company is working with cybersecurity experts and authorities to trace stolen assets and has launched a Recovery Bounty Program. Despite the breach, trading and withdrawals remain functional, showcasing the resilience of CoinDCX's infrastructure during this incident.