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CoinDCX Hack Drains $44.2M, Community Awaiting Disclosure
It appears that the India-based centralized exchange 'CoinDCX' experienced a security breach resulting in a loss of approximately $44.2 million around 17 hours ago. The platform has not yet issued any public statement regarding this incident.
Investigations reveal that the hacker's wallet was initially funded with 1 ETH from Tornado Cash and subsequently moved part of the stolen funds from Solana to Ethereum.
The addresses linked to the theft are:
- 6peRRbTz28xofaJPJzEkxnpcpR5xhYsQcmJHQFdP22n
- 3btch8cSVp3Uh2SiY9DeiRNYUBmFiBNHZQzDyecJs7Gu
- 0xEF0c5b9E0E9643937D75C229648158584A8CD8D2
Thanks to Cyvers for highlighting the withdrawal activities.
The hot wallet used by CoinDCX has not been publicly identified or included in current reserve proofs, requiring manual analysis through reviewing associated counterparties.
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AI Analysis
The theft at CoinDCX highlights ongoing vulnerabilities within the security infrastructure of centralized exchanges, especially those that do not publicly disclose their reserve status or hot wallet a...
AI Recommendation
Investors and users of CoinDCX should exercise caution and remain vigilant regarding the security of their holdings, especially until the exchange provides a transparent account of the breach and the ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.