- CoinDCX faces sale rumors after massive $44 million security breach.
- Coinbase eyes India’s top crypto exchange amid valuation plunge.
- CEO denies acquisition talks as speculation floods the crypto market.
Coinbase is rumored to be in acquisition talks with CoinDCX, one of India’s largest crypto exchanges. Reports suggest that discussions began shortly after CoinDCX suffered a significant security breach in July 2025.
The $44 million hack reportedly involved unauthorized access to the exchange’s hot wallet. This event has had a substantial effect on CoinDCX’s market value, which was previously evaluated at $2.2 billion in its 2022 Series D round of funding.
According to sources close to the situation, the company’s current valuation is under $1 billion. The decline has supposedly left Coinbase open to taking over the company at a lower price.
CoinDCX CEO Sumit Gupta responded to the speculation through a post on X, formerly Twitter. According to him, the company was not in the market as it was still not for sale, and therefore, the rumored acquisition could not be accurate.
In the meantime, Coinbase has not issued a direct statement on the matter.
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India’s Crypto Boom Draws Global Attention Amid Regulatory Shifts
Coinbase has recently taken concrete steps to re-enter the Indian market, which is now home to over 93 million crypto users. After receiving registration with the Financial Intelligence Unit (FIU), Coinbase will continue in its expansion drives in the region.
Its previous India launch in 2022 was hampered by regulatory challenges, which compelled the firm to backtrack after a short deployment. Nevertheless, recent regulatory changes have created a more accommodating environment for world players who want access to the Indian crypto market.
The timing of the rumored acquisition has raised questions within the crypto community. Although CoinDCx’s post-hack issues are described in detail, neither company has officially announced a deal.
Fact-checkers reviewed the claims and found no verified evidence that a deal is in progress. To date, the rumor has not been confirmed, and only hearsay and media speculation support it.
There is no official agreement between Coinbase and CoinDCX regarding any acquisition. Although rumors have circulated following CoinDCX’s recent valuation drop, both companies have remained silent or denied the claims. The situation remains speculative with no confirmed developments.
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