Crypto app CoinDCX hit by cyberattack, Web3 trading halted
Indian Cryptocurrency Exchange Coindcx has temporarily stopped web 3 services after compromising a decentralized finance (Defi) wallet of a cyber attack. Fractures, which took place July 13, affected the platform's self -heated wallet infrastructure. Coindcx quickly responded by working with cyber security experts by suspending the affected services, starting a security protocol and assessing the loss. The company has confirmed that users' funds in centralized wallets are safe. This situation raises new worries about the security of DeFi platforms and the growing number of cyber attacks aimed at cryptocurrencies. Coindcx assured users that it would compensate for any confirmed losses and is slowly working to restore services. Users have been recommended to be updated through official communication channels and be careful between the developed situation.
The Key points
- Coindcx met a cyber attack on July 13, 2025.
- The web3 services are temporarily prevented by post-economist.
- The centralized wallet funds of users remain unaffected and safe.
- A thorough examination is ongoing with cyber security experts.
- Coindcx promised complete transparency and user compensation.
- Restoration of services will be gradual and monitored closely.
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