{"id":39383,"date":"2025-07-29T16:18:44","date_gmt":"2025-07-29T16:18:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39383"},"modified":"2025-07-29T16:18:44","modified_gmt":"2025-07-29T16:18:44","slug":"coindcx-acquisition-by-coinbase-reportedly-in-final-stages-at-sub-1b-valuation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39383","title":{"rendered":"CoinDCX Acquisition By Coinbase Reportedly In Final Stages At Sub $1B Valuation"},"content":{"rendered":"<div>\n<p>CoinDCX Acquisition by Coinbase is reportedly in advanced discussions, coming just a few weeks after the exchange was targeted in a $44 million crypto heist.<\/p>\n<p>A local publication, citing unknown sources, <a class=\"general-link\" href=\"https:\/\/www.livemint.com\/companies\/news\/coinbase-coindcx-44-million-crypto-heist-us-cryptocurrency-coinswitch-11753706315291.html\" target=\"_blank\" rel=\"noopener nofollow\">published <\/a>an article on 29 July 2025, revealing that the deal would value CoinDCX below $900 million, a steep decline from its $2.2 billion valuation peak in 2021.<\/p>\n<p>Industry insiders have chalked up the CoinDCX Acquisition by Coinbase as its broader strategy to gain a strategic foothold in India\u2019s evolving crypto landscape.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Update?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#Update<\/a><\/p>\n<p>US crypto giant Coinbase is reportedly in advanced discussions to acquire Indian exchange CoinDCX at a valuation below USD 1 billion, a significant drop from its USD 2.2 billion peak in 2021.<\/p>\n<p>This potential acquisition follows a USD 44 million security breach disclosed\u2026 <a href=\"https:\/\/t.co\/9GJAPR7PuA\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/9GJAPR7PuA<\/a><\/p>\n<p>\u2014 @EntrepreneurInd (@EntrepreneurIND) <a href=\"https:\/\/twitter.com\/EntrepreneurIND\/status\/1950150033870819467?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The publication quoted an industry insider stating, \u201cThis is a calculated bet at a discount\u2014positioning for upside if India\u2019s crypto market finds its stride.\u201d<\/p>\n<p>CoinDCX\u2019s CEO, Sumit Gupta, quickly <a class=\"general-link\" href=\"https:\/\/x.com\/smtgpt\/status\/1950028878946156605\" target=\"_blank\" rel=\"noopener nofollow\">dismissed <\/a>the news on X, dispelling this development as a mere rumour.<\/p>\n<p>Gupta wrote on X, \u201cWe\u2019re laser-focused on building India\u2019s crypto future, not selling out. More details soon, but had to clear this up right away.\u201d<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in July 2025<\/a><\/p>\n<h2><strong>Coinbase On Acquisition Spree, Intends To Launch Retail Crypto Trading In India<\/strong><\/h2>\n<p>Coinbase is on a global acquisition spree. In May 2025, it <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/adoption\/coinbase-makes-big-bet-on-derivatives-with-2-9b-deribit-deal\/\" target=\"_blank\" rel=\"noopener\">sealed<\/a> a cash and stock deal worth $2.9 billion to acquire Deribit, a crypto derivatives exchange that specialises in options and futures trading, signalling Coinbase\u2019s move into the crypto derivatives sector.<\/p>\n<p>Furthermore, Coinbase also <a class=\"general-link\" href=\"https:\/\/www.coinbase.com\/blog\/Coinbase-acquires-LiquiFi-the-leading-token-management-platform\" target=\"_blank\" rel=\"noopener nofollow\">acquired <\/a>Liquifi, a token-management platform geared towards early-stage on-chain innovators, adding another asset to its expanding Web3 toolkit.<\/p>\n<p>The company initially launched in India in April 2022 but had to quickly wind down its UPI payments and trading under the Reserve Bank of India\u2019s (RBI) directives. Coinbase halted its operations in the Indian market on 25 September 2023; however, it did not exit the Indian market.<\/p>\n<p>It complied with the FIU in March 2024 and received permission to commence its crypto trading services in India.<\/p>\n<p>The local <a class=\"general-link\" href=\"https:\/\/www.livemint.com\/companies\/news\/coinbase-coindcx-44-million-crypto-heist-us-cryptocurrency-coinswitch-11753706315291.html\" target=\"_blank\" rel=\"noopener nofollow\">publication <\/a>quoted a Coinbase representative, stating, \u201cWe have a bold mission to increase economic freedom in the world, and are constantly exploring opportunities around the world to build, buy, partner and invest to accelerate our roadmap.\u201d<\/p>\n<p>Reportedly, Coinbase is also considering the consolidation of its holdings in both CoinDCX and CoinSwitch. Industry insiders consider this move probable; however, no confirmed news has surfaced as of now.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/p>\n<h2><strong>Inside CoinDCX Breach<\/strong><\/h2>\n<p>This speculation follows a <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coindcx-suffers-44-2m-security-breach-customer-funds-confirmed-safe\/\" target=\"_blank\" rel=\"noopener\">massive security breach<\/a> at CoinDCX, leading to a loss of $44 million. Hackers got into CoinDCX\u2019s operational wallet on 19 July 2025, used for liquidity provisions with other exchanges.<\/p>\n<p>Investigations revealed that hackers got in via a server breach and drained the wallet within minutes. Cybersecurity experts have <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/is-lazarus-group-behind-indias-44m-coindcx-heist-cyvers-report-says-yes\/\" target=\"_blank\" rel=\"noopener\">linked <\/a>this heist to the infamous North Korean Lazarus Group since the incident follows similar patterns to the WazirX hack last year, resulting in a $234 million loss.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our system has detected a hack into <a href=\"https:\/\/twitter.com\/CoinDCX?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@CoinDCX<\/a>  centralized exchange 20 hours ago.<br \/>Here&#8217;s what we know:<br \/>\u2013 The hacker stole around $44.2M in USDC\/USDT from one of the exchange&#8217;s operational wallets on Solana.<br \/>\u2013 The hacker funded the hack with 1 ETH from Tornado Cash.<br \/>\u2013 Part of the\u2026 <a href=\"https:\/\/t.co\/5PLliaZ6m4\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/5PLliaZ6m4<\/a><\/p>\n<p>\u2014 <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Cyvers Alerts <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@CyversAlerts) <a href=\"https:\/\/twitter.com\/CyversAlerts\/status\/1946625586597888163?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CoinDCX <a class=\"general-link\" href=\"https:\/\/x.com\/CoinDCX\/status\/1947625153086820513\" target=\"_blank\" rel=\"noopener nofollow\">assured <\/a>its users via a post on X, explaining that the incident did not harm customers\u2019 funds and that its security setup protected user funds during the incident.<\/p>\n<p>Since the incident, CoinDCX has launched a bounty program to trace the stolen funds and has promised ethical hackers 25% of any recovered funds they managed to retrieve.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\">20+ Next Crypto to Explode in 2025<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase is reportedly in talks to acquire CoinDCX as it chips away at its Indian expansion strategy    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Reportedly, the deal has set the valuation of CoinDCX at $900 million, a steep decline from its $2.2 billion peak in 2021    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        CoinDCX CEO Sumit Gupta has dismissed this development as speculation    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coindcx-acquisition-by-coinbase-reportedly-in-final-stages-at-sub-1b-valuation\/\">CoinDCX Acquisition By Coinbase Reportedly In Final Stages At Sub $1B Valuation<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CoinDCX Acquisition by Coinbase is reportedly in advanced discussions, coming just a few weeks after the exchange was targeted in a $44 million crypto heist. A local publication, citing unknown sources, published an article on 29 July 2025, revealing that the deal would value CoinDCX below $900 million, a steep decline from its $2.2 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39383","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39383"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39383\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}