CoinDCX Admits $16M Loss Days After Its CEO Called Hack Reports a 'False Alarm'
• CoinDCX confirmed ~15.99M USDT lost via retired deposit addresses; it says it will absorb the loss and that user funds sit in cold wallets
• A failed sweeping service left deposits at an old address compromised in the July 2025 hack
• The largest transfer (15.8M USDT) went to a single address, then was split across deposit addresses at three major exchanges
The reversal is the real damage: denying the breach, then confirming it, erodes trust faster than the loss itself. Users keeping funds on the exchange should watch for further disclosures.
Not financial advice. DYOR.
$USDT
• CoinDCX confirmed ~15.99M USDT lost via retired deposit addresses; it says it will absorb the loss and that user funds sit in cold wallets
• A failed sweeping service left deposits at an old address compromised in the July 2025 hack
• The largest transfer (15.8M USDT) went to a single address, then was split across deposit addresses at three major exchanges
The reversal is the real damage: denying the breach, then confirming it, erodes trust faster than the loss itself. Users keeping funds on the exchange should watch for further disclosures.
Not financial advice. DYOR.
$USDT
