Indian crypto exchange CoinDCX suffered a $44 million hack targeting one of its internal operational accounts used for liquidity on a partner platform. The company confirmed no customer assets were affected, as funds were stored in secure cold wallets. CoinDCX pledged to cover all losses using its treasury and launched a $11 million bounty to aid recovery efforts. The breach, India's second major crypto hack in a year, highlights growing security concerns and regulatory gaps. CoinDCX is working with CERT-In and global experts to investigate. The incident underscores the urgent need for stronger cybersecurity frameworks in India’s expanding crypto ecosystem.