CoinDCX, India's top crypto exchange, has resumed operations and reopened rupee withdrawals after a major security breach drained $44 million from its systems. The incident revealed a critical flaw in the platform's infrastructure, forcing a temporary shutdown while fixes were implemented.

Editor’s Note: Crypto investors in India can breathe a little easier now that withdrawals are back, but the breach is a stark reminder of how vulnerable even the biggest exchanges can be. For an industry already battling trust issues, incidents like this make regulators and users even warier—especially in a market as crucial as India. The real test? Whether CoinDCX can prove it’s truly secure this time.

A major Indian cryptocurrency exchange was hit by a high-tech hack, losing a staggering $44 million. The attackers targeted a Solana-based "hot wallet" (a digital wallet connected to the internet), exploiting vulnerabilities in what appears to be a carefully planned breach. While the exchange hasn’t been named yet, the scale of the theft highlights ongoing security risks in the crypto world—even for platforms that should have robust protections.

Editor’s Note: Crypto hacks aren’t new, but this one’s a gut punch—$44 million vanishing into thin air raises serious questions about how exchanges safeguard user funds. Hot wallets are convenient but risky, and this breach could push more traders to demand stricter security measures or even regulatory crackdowns. For everyday investors, it’s another reminder: if you’re holding crypto long-term, cold storage (offline wallets) might be the safer bet.