CoinDCX

Profile narrative

CoinDCX operates as a cryptocurrency exchange with its headquarters located in India. The platform enables users to buy, sell, and trade a variety of digital assets through its online interface. It positions itself as a service provider for individuals and institutions seeking access to cryptocurrency markets. According to publicly available descriptions, CoinDCX is referred to as India's largest cryptocurrency exchange.

The exchange's self‑described status as the largest crypto exchange in India indicates a notable footprint within the country's growing digital asset ecosystem. While specific user numbers or trading volumes are not disclosed in the supplied sources, the claim highlights its relative scale compared to peers. Its headquarters in Mumbai situates it within India's financial hub.

In July 2025, CoinDCX experienced a security breach in which an internal operational wallet was compromised, resulting in the theft of approximately US$44.2 million while customer funds held in cold storage remained unaffected. Blockchain analysis revealed that the attackers initiated the movement with one ETH from Tornado Cash, routed value through Solana wallets, and utilized the Wormhole Bridge and Jupiter Swap Aggregator to transfer assets to Ethereum. Two traceable wallets still hold the stolen assets, containing roughly 155,830 SOL valued at about US$27.6 million and 4,443 ETH valued at roughly US$15.7 million. The breach was not detected until about seventeen hours after a public disclosure by an independent blockchain researcher. In response, CoinDCX launched a bounty programme offering up to 25 % of any recovered funds to incentivize the return of the stolen assets. The exchange has stated that it continues to operate normally and remains financially stable despite the incident.

Ownership details or parent‑subsidiary relationships for CoinDCX are not specified in the available information. Consequently, no further structural notes can be provided from the supplied sources.

Incidents

1 incident linked to this organisation.