WazirX and CoinDCX, India’s top crypto exchanges, faced massive cyberattacks totaling ₹2,361 crore. WazirX was co-founded by Nischal Shetty, Siddharth Menon, and Sameer Mhatre. It lost $235 million in 2024 due to a multisig wallet exploit affecting customer assets. CoinDCX, led by IIT Bombay alumni Sumit Gupta and Neeraj Khandelwal, lost $44 million in 2025, though user funds remained safe in cold storage. Both incidents highlight growing threats to India’s crypto infrastructure. Despite differing outcomes, the attacks have triggered regulatory scrutiny and raised questions about cybersecurity standards across the nation’s crypto industry.