CoinDCX Reports $731M Holdings, 109% Volume Surge

TheCryptoTimesPublished on 2025-08-04Last updated on 2025-08-08

CoinDCX, the Indian crypto exchange, has released a monthly transparency report for July 2025. The report shows proof of reserves, investor protection initiatives, tax compliance, platform development, security incidents, and new developments.

As of July 24, 2025, CoinDCX had total holdings of $731.1 million, including $541.64 million in blockchain reserves and $189.46 million kept by partners. The Crypto Investor Protection Fund (CIPF), established to protect users during times of crisis, increased to ₹69.74 crore in July, which is 16% higher than June 2025.

In July, the platform remitted ₹20.05 crore as TDS (tax deducted at source) to the government of India, which is 37.5% higher compared to the previous month. Further, the number of registered users on CoinDCX reached the 2 crore mark in July at 20,153,514 accounts, a 2.93% month-on-month increase.

Product Listings and Updates

In July, the exchange launched its Expert Picks feature, which provides vetted futures trading signals to assist users in making well-informed decisions. The platform also onboarded additional liquidity providers, widening order books and providing improved execution for traders.

CoinDCX also added five new tokens, SAHARA, LA, ERA, Chain Base, and PUMP, to increase trading possibilities. The total spot trading volumes also jumped by 109.8% compared to June.

Security Incident and Future Plans

On July 19, an internal liquidity provisioning account on one of CoinDCX’s partner exchanges was hacked in a sophisticated server breach, leading to a loss of approximately $44.2 million.

The attacker allegedly topped up their wallet with 1 ETH using Tornado Cash and transferred some of the stolen money from Solana to Ethereum. CoinDCX confirmed that no customer funds were impacted and took the loss from its own treasury. As a result of this though, the platform integrated additional security controls.

CoinDCX also plans to deliver more trader-centric updates, improve its infrastructure, and be entirely transparent. The exchange welcomed its growing user base’s support, especially in the face of recent challenges.

Also Read: CoinDCX Resumes Withdrawals After $44 Million Hack: ET

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77 Bloody Codes: When the '$5 Wrench' Shatters the Privacy Myth of France's Crypto Elite

**Summary** In the first half of 2026, France recorded 77 violent crimes—including kidnappings, illegal confinement, and extortion—targeting cryptocurrency holders, a 71% increase over the 45 cases in all of 2025. This equates to an attack every 2.3 days, making France a global hotspot for so-called "wrench attacks," where criminals use physical violence to coerce victims into surrendering crypto assets. High-profile cases include the 2025 kidnapping of Ledger co-founder David Balland, who was shown with a severed finger in a ransom video, and an attempted kidnapping of the family of Paymium's CEO in Paris. Prosecutors note these are not isolated incidents but part of structured criminal networks, sometimes involving minors. Several factors contribute to France's vulnerability: a large holder base (approx. 7.3 million people), the presence of major crypto firms and executives, a culture of public disclosure among enthusiasts, and potential data leaks. The trend is spreading across Europe, which now accounts for over 40% of such global attacks. Research indicates a correlation between Bitcoin price surges and increased wrench attacks. In response, French Interior Minister Laurent Nuñez announced a three-pillar action plan focusing on enhanced intelligence sharing, deeper cooperation with the industry association Adan, and improved operational and cross-border coordination. Authorities have made over 200 arrests in the past year. Security experts warn that digital asset safety now extends to the physical world. They advise holders to use hardware wallets, avoid disclosing holdings on social media, enable multi-factor authentication, and report suspicious activity. The situation underscores the urgent need for the crypto community to shift from a "show-off" culture to one of discretion as physical security becomes paramount.

marsbit6m ago

77 Bloody Codes: When the '$5 Wrench' Shatters the Privacy Myth of France's Crypto Elite

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Both OpenAI and Anthropic are 'Developing Their Own Chips' — Beyond Cost, the Control Over Computing Power is Paramount

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marsbit12m ago

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DeepSeek's New Technology Ported to Apple Silicon, Mac Local LLM Accelerated by 60%

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