CoinDCX has confirmed a $15.99 million loss involving old deposit wallets.
Here’s how it unfolded:
• The wallets were compromised during a $44 million security breach in July 2025.
• Users continued sending funds to those old addresses.
• An automated system meant to transfer incoming deposits failed.
• The funds accumulated until the loss came to light.
CEO Sumit Gupta initially described the suspicious activity as a “false alarm” before the loss was confirmed.
CoinDCX says it will cover the loss, with customer balances remaining unaffected.
This incident puts exchange security, wallet management and internal controls under the spotlight.
When you leave your crypto on an exchange, how much confidence do you have in its security?
$BTC $ETH $USDT
Here’s how it unfolded:
• The wallets were compromised during a $44 million security breach in July 2025.
• Users continued sending funds to those old addresses.
• An automated system meant to transfer incoming deposits failed.
• The funds accumulated until the loss came to light.
CEO Sumit Gupta initially described the suspicious activity as a “false alarm” before the loss was confirmed.
CoinDCX says it will cover the loss, with customer balances remaining unaffected.
This incident puts exchange security, wallet management and internal controls under the spotlight.
When you leave your crypto on an exchange, how much confidence do you have in its security?
$BTC $ETH $USDT
