According to 0x news report, on July 20, CoinDCX CEO Sumit Gupta revealed that an internal operational account used to provide liquidity for partner exchanges was compromised due to a complex attack. Gupta emphasized that user funds are completely safe, and the Wallet storing customer assets at CoinDCX was not affected.

The affected operating account has been quickly isolated. Since the account is separate from the customer Wallet, the losses are limited to this specific account and will be fully borne by CoinDCX's own treasury reserves. Currently, all trading activities and the withdrawal function for Indian Rupees are operating normally.
CoinDCX's internal security and operations teams are collaborating with top cybersecurity partners to investigate, fix vulnerabilities, and trace the flow of funds. The company is also actively coordinating with exchange partners to stop and recover assets, and plans to launch a bug bounty program.
Previously, on-chain detective ZachXBT disclosed that the Indian exchange CoinDCX was suspected of being hacked, resulting in a loss of approximately 44.2 million USD.