⚡️UPDATE: Indian crypto exchange CoinDCX confirms $16 MILLION theft, days after CEO dismissed breach reports as ‘false alarm’.
User deposits piled up in vulnerable wallets retired after the exchange’s $44 MILLION hack in July 2025 when an automated fund-transfer system broke down, it said.
The admission brings the losses from the two incidents to nearly $60 MILLION.
CoinDCX has said it will take the hit of the latest loss and that user funds are safe.
Onchain sleuth ZachXBT, who had disputed the initial denials, has called on customers to withdraw their funds.
User deposits piled up in vulnerable wallets retired after the exchange’s $44 MILLION hack in July 2025 when an automated fund-transfer system broke down, it said.
The admission brings the losses from the two incidents to nearly $60 MILLION.
CoinDCX has said it will take the hit of the latest loss and that user funds are safe.
Onchain sleuth ZachXBT, who had disputed the initial denials, has called on customers to withdraw their funds.
