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Crisis acquisition
A local publication, citing unknown sources, published an article on 29 July 2025, which revealed that the deal wound value coindcx blue $ 900 million, in 2021, falls from its $ 2.2 billion valuations peaks in 2021.
Industry inner sources have chalked out the coinbase acquisition by the coinbase as its comprehensive strategy to establish a strategic leg in India’s developed crypto landscape.
The US Crypto veteran coinbase is allegedly in advanced discussion to achieve the person
This potential acquisition reveals a USD 44 million security violations … pic.twitter.com/9gjapr7pua
– @ntrepreneurind (@ntrepreneurind) 29 July, 2025
The inner source of an industry published in the published industry said, “This is the condition calculated at a discount – if India’s Crypto market finds its stride then the position for the opposite.”
CEO of Coindcx, Sumit Gupta quickly rejected the news on X, displaying
Gupta wrote on X, “We are laser-centered on the creation of India’s Crypto future, not selling outside.
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Coinbase on the race of acquisition, intends to launch retail crypto trading in India
The coinbase is on the race for a global acquisition. In May 2025, it sealed a $ 2.9 billion cash and stock deal to acquire derbe, a crypto derivatives, which sings the objectives of the coinbase in the cuts and futures trading, the Crypto derivative sector.
In addition, the coinbase also acquired Livefi, a token-management platform extends to the initial-chain innovators, adding another assrset to its extended web 3 toolkit.
In April 2022, the company interested in India had to shut down its payment and business under the instructions of the Reserve Bank of India (RBI). Coinbase stopped these works in the Indian market on 25 September 2023; However, it did not get out of the Indian market.
It complied with FIU in March 2024 and obtained permission to start its crypto trading services in India.
Local publication represented a coinbase as saying, “We have an adventure mission to invest economic freedom in the world, and are constantly facing opportunities worldwide for construction, buying, partners to speed up our roadmap.”
Allegedly, Coinbase is also considering the consolidation of its holdings in both coindcx and coinswitch. Integrian formulas of the industry consider this step potentially; However, no confirmation has been done so far.
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CONDCX violations inside
This speculation follows a massive safety violation in COindcx, causing a loss of $ 44 million. Hackers joined the operational wallet of Coindcx on 19 July 2025, used for liquidity provisions with other exchanges.
Investigations have shown that hackers receive through a server and the wallet is dried with minutes. Cyber security experts have linked this heirs to the notorious North Korean Lazarus Group as the incident follows the same pattern as Wazirux Hack last year, resulting in a loss of $ 234 million.
Our system has shut down a hack @Coindcx Centralized exchange 20 hours ago.
What do we know here:
– The hacker stole $ 44.2m in USDC/USDT from one of the exchanges’ operational wallets on Solana.
– The hacker funded hack with 1 ETH from tornado cash.
– part of … pic.twitter.com/5Plliaz6M4,
Cyrers Erts
Coindcx assured its users via a post on X, clarifying that the incident did not damage customers’ funds and that the safety setup protected the user funds during the incident.
Since the incident, Coindcx has launched a bounty program to detect stolen funds and moral hackers have promised 25% of the recovered funds that they managed to recover.
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key takeaways
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coincidence
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Rentally, the deal has determined the evaluation of coindcx at $ 900 million, declining its $ 2.2 billion peak in 2021
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CEO of Coindcx Sumita Gupta has rejected this devil as speculation
The coindcx acquisition allegedly appeared on 99bitcoins in the final stages on the sub $ 1b valose by Coinbase.
