Indian crypto exchange CoinDCX has confirmed a $44 million cyberattack on July 19, 2025, from an internal operational account used for liquidity. While the company will absorb the loss from its treasury, it assures users that customer funds, stored in secure cold wallets, remain safe. CoinDCX has launched an $11 million recovery bounty program, offering up to 25% of recovered funds to those who help trace the stolen assets (4,443 ETH and 155,830 SOL) and identify the perpetrators. This incident, following a $230 million hack at WazirX in 2024, highlights ongoing security challenges in the Indian crypto sector.