lazarusholic

• Reported: 2025-07
• Locations: India
• Motivations: #FinancialGain
• Sectors: #Cryptocurrency

On July 18, 2025, Indian crypto exchange CoinDCX suffered a major hot wallet breach in which approximately $44.3 million was stolen—attackers exploited an internal operational account used for liquidity provisioning, funding their address via Tornado Cash and shifting assets through cross-chain bridges . The company remained silent for 17 hours until independent sleuths like ZachXBT flagged the breach and pressured them to acknowledge the exploit. CoinDCX confirmed that no customer funds were affected, as all losses stemmed from their own reserves, and launched a white‑hat bounty program offering up to 25% of any recovered assets to ethical hackers.