CoinDCX launched in 2018 during an uncertain crypto phase in India and grew quickly despite regulatory pressure and constant market challenges.
The company is now battling multiple problems including rising employee attrition, internal theft incidents, failed business bets and ongoing uncertainty.
In July 2025 hackers exploited an internal operational account and drained 44 million using cross chain bridge vulnerabilities on Solana and Ethereum.
User funds remained completely safe but the massive loss from corporate reserves damaged CoinDCX’s trust and raised concerns about its security systems.
Soon after the breach several top leaders including the CTO CISO CHRO and finance and legal heads resigned creating a visible leadership vacuum.