Cyvers in the News

Tel Aviv-based security firm Cyvers flagged the suspicious withdrawals, prompting manual attribution, as the affected CoinDCX hot wallet lacked public tags and proof-of-reserves documentation.

While CoinDCX did not release the precise figures initially, blockchain sleuth ZachXBT and cybersecurity firm Cyvers flagged unusual activity before the exchange's public disclosure. ZachXBT estimated the stolen amount at around $44.2 million. The stolen stablecoins, USDC and USDT, were first moved from Solana to Ethereum.

According to Cyvers, a hack was detected at the Indian centralized exchange CoinDCX, resulting in the theft of approximately $44.2 million in USDC and USDT from one of its operational wallets on Solana.