Twitter account of Indian cryptocurrency exchange CoinDCX is hacked

The platform representatives are working on recovering the account

20.09.2022 - 13:20

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2 min

What’s new? On September 20, the official Twitter account of Indian crypto exchange CoinDCX was hacked. Attackers used the account to post fake promotions allegedly related to the Ripple token (XRP), attaching phishing links to them. CoinDCX's official customer service noted the hack and warned users not to click on links from the compromised account. According to representatives of the exchange, they are working to recover the account.

Important Announcement 🚨 🚨 pic.twitter.com/YdD0VH6YkJ— CoinDCX Cares (@CoinDCX_Cares) September 20, 2022

What else is known about the hack? Hackers retweet official messages from Ripple Labs CEO Brad Garlinghouse. In doing so, the attackers respond to the tweets with fraudulent links. Users who click on the links on the account risk losing their assets. If the issue is not resolved soon, the losses may become serious, as the official CoinDCX account currently has more than 230 000 subscribers.

CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal in 2018. More than 200 cryptocurrencies are available on the platform. The exchange offers a crypto investing app for beginners and CoinDCX Pro for advanced trading. The platform also has a venture capital division designed to support startups.

On September 15, representatives of decentralized exchange aggregator 1inch warned that Ethereum accounts created with the Profanity service were under threat. The 1inch team recommended transferring all assets to another wallet “as soon as possible.”

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