The post Coinbase Hacker’s $2.3M ETH Purchase Highlights Potential Crypto Security Risks Amid CoinDCX $44M Breach appeared on BitcoinEthereumNews.com.

The recent resurgence of the Coinbase hacker with a $2.3 million Ethereum purchase underscores escalating security vulnerabilities within the cryptocurrency ecosystem. Simultaneously, CoinDCX’s $44 million breach reveals persistent threats targeting centralized exchanges, emphasizing the critical need for enhanced cybersecurity measures. According to COINOTAG, CoinDCX CEO Sumit Gupta described the incident as a “sophisticated server breach,” highlighting the complexity of modern crypto attacks. Coinbase hacker returns with a $2.3M ETH buy as CoinDCX faces a $44M breach, spotlighting urgent crypto security challenges and exchange vulnerabilities. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); CoinDCX’s Swift Response to a $44 Million Security Breach In the wake of a significant $44 million breach, CoinDCX has demonstrated rapid crisis management by assuring users that customer funds remain secure. CEO Sumit Gupta confirmed that the attack targeted an internal liquidity provisioning account, not user wallets, mitigating direct customer impact. The exchange’s commitment to reimbursing losses from its treasury reserves reflects a proactive stance in maintaining trust amid growing cyber threats. Furthermore, CoinDCX’s collaboration with exchange partners to freeze and recover stolen assets, alongside plans to initiate a bug bounty program, signals a strategic pivot towards strengthening its security infrastructure. Implications of the CoinDCX Breach on Crypto Exchange Security This breach arrives at a critical juncture for CoinDCX, which has expanded aggressively since its 2018 inception, including the acquisition of BitOasis in 2024. The incident…

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Filed under: News - @ July 20, 2025 12:25 pm