Sumit Gupta, CEO of Indian crypto exchange CoinDCX, has linked the platform’s recent $44 million security breach to a targeted social engineering attack. In a July 31 statement shared via X (formerly Twitter), Gupta said early findings indicate that the exploit may have stemmed from manipulation tactics to gain unauthorized internal access. He explained that…
Last Updated:July 30, 2025, 17:00 IST During investigation, police uncover signs of possible insider involvement. Authorities arrested Rahul Agarwal, a CoinDCX employee, in connection with the theft. Investigators suspect the arrested employee may have collaborated with external hackers to orchestrate the breach. Bengaluru Police are investigating a major cryptocurrency theft from leading Indian crypto exchange…
Sumit Gupta, CEO of Indian crypto exchange CoinDCX, has publicly denied reports suggesting the company is in acquisition talks with US-based crypto platform Coinbase. The speculation emerged after a Livemint report claimed that negotiations were underway between the two crypto trading platforms. However, Gupta quickly dismissed the claims in a July 29 post on X…
Last Updated:July 21, 2025, 11:40 IST In a First Incident Report, CoinDCX says the total exposure is being absorbed entirely by CoinDCX, using the company’s treasury reserves. CoinDCX has faced a “sophisticated server breach” that compromised one of its internal operational accounts, resulting in theft of $44.2 million, or Rs 378 crore. CoinDCX, India’s largest…
Last Updated:June 10, 2025, 14:45 IST CoinDCX saw a 32 percent rise in spot trading volumes in May, reaching $492 million. Co-Founder Sumit Gupta highlighted growing investor confidence. CoinDCX holds a total of USDT 606.61 million in assets, reaffirming our strong reserve position. CoinDCX recorded a 32% increase in spot trading volumes, rising to $492…
