Bitcoin (BTC) has remained resilient in its price action following another cryptocurrency exchange hacking incident, this time involving India’s CoinDCX.
Historically, such incidents have rattled investors, but Bitcoin is holding firm, trading just below the $120,000 resistance level.
As of press time, Bitcoin was trading at $117,966, showing minimal intraday fluctuations, down 0.21% in the past hour, but up 0.15% over the last 24 hours and 0.36% over the past week.
The calm in Bitcoin’s price comes even after blockchain investigator ZachXBT revealed that CoinDCX had been drained of approximately $44.2 million in a targeted cyberattack during the early hours of Saturday.
The initial activity behind the breach has been traced to a wallet funded via Tornado Cash, a privacy-focused crypto mixer known for obscuring transaction trails. A portion of the stolen funds was later bridged from Solana (SOL) to Ethereum (ETH), complicating tracking efforts.
CoinDCX’s response
According to CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal, the compromised account was an internal operational wallet used for liquidity provisioning on a partner exchange.
They also assured users that customer wallets remain unaffected, as these are segregated from the breached infrastructure.
As a precaution, CoinDCX temporarily suspended Web3 trading, though user balances in that section are reportedly safe. The exchange is now working with forensic agencies and partners to trace and potentially recover the stolen assets. It also plans to introduce a bug bounty program to strengthen its security protocols.
More broadly, the CoinDCX hack adds to a growing list of exchange vulnerabilities in 2025. According to a Finbold report, global cryptocurrency exchanges lost $2.24 billion to various attacks in the first half of the year.
Among the most notable incidents was the $48 million hack of Iran’s largest crypto exchange, Nobitex, an attack partially linked to geopolitical tensions between Iran and Israel.
Featured image via Shutterstock
