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$44M Hack Hits Indian Crypto Exchange CoinDCX
Freelancing/Online work exchange
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CoinDCX lost $44 million from an operational wallet on July 19, 2025. Bengaluru police arrested engineer Rahul Agarwal after hackers reportedly accessed his company laptop. CoinDCX says customer funds were safe, calling the breach a “sophisticated social engineering attack.” Investigations are ongoing, but authorities warn recovering the stolen crypto could be nearly impossible.
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A $44M loss is a stark reminder that centralized exchanges must strengthen wallet protection protocols.
