According to media reports, the indian cryptoexchange CoinDCX has lost $44 million in crypto assets due to a server side security breach. The breach in the CoinDCX servers was noticed on July 19, 2025.

The management of CoinDCX claims that customer accounts were not affected by the security breach as they were stored in cold wallets. Only funds which were required for liquidity are missing. CoinDCX claims that it has isolated the affected servers and suspended services till the security breach is fixed. It is also investigating the breach, trying to ensure that this problem is not faced in future and trying to retrieve the lost funds.

After the WazirX security breach in 2024, the CoinDCX case is another security breach in a major Indian cryptoexchange. The loss of crypto assets again highlights the risk of investing in cryptocurrency in India.