Indian crypto exchange CoinDCX’s $44M breach linked to employee manipulation, social engineering
CryptoSlateThursday, July 31, 2025 at 11:57:43 AM
CoinDCX, a major Indian cryptocurrency exchange, just got hit with a $44 million security breach—and it looks like hackers pulled it off by tricking an employee. CEO Sumit Gupta revealed that early investigations point to a "social engineering" attack, where scammers likely manipulated someone inside the company to gain unauthorized access. While details are still emerging, the incident highlights how even digital-savvy crypto firms aren’t immune to old-school psychological tricks.
Editor’s Note: This isn’t just another crypto hack—it’s a reminder that no matter how strong the tech defenses are, human error (or manipulation) can still bring everything crashing down. For crypto investors, it’s a wake-up call: exchanges need to double down on both digital and human security measures. And for the broader fintech world, it’s proof that social engineering remains one of the sneakiest threats out there.
— Curated via WP Now’s
