CoinDCX, India's largest crypto exchange, absorbs a $16 million loss from an internal process failure linked to a retired wallet. The exchange initially dismissed suspicious outflow reports as a false alarm before confirming the loss. Customer balances remain unaffected, but the incident raises questions about legacy wallet security at major exchanges.
CoinDCX, India's largest crypto exchange, absorbed a $16M loss after an internal process failed to move customer deposits from a retired wallet compromised in a 2025 hack.
The exchange initially dismissed reports as a false alarm, but on-chain analysis showed the wallet was still sweeping user deposits as recently as April–May 2026.
How can exchanges improve transparency after security incidents?
CoinDCX, India's largest crypto exchange, absorbed a 6 million loss after an internal sweeping process failed to move customer deposits from a retired wallet.\n\nThe wallet was deprecated following a July 2025 security incident, but users kept depositing to it. The broken sweep process left 5.99M USDT stuck, which the exchange covered.\n\nCoinDCX says all user funds remain safe in segregated cold wallets. What's your take on exchange operational risks?\n\n#CoinDCX #CryptoSecurity
Names, addresses and order data were accessed via a Shopify API vulnerability, with researcher warnings of phishing and physical attacks. Affected customers have reported scam calls claiming to be law enforcement.
Electrum wallet bug let rogue servers steal Bitcoin when users tried to speed up payments. At least one theft confirmed; devs shipped fix in v4.8.3 on Oct 24, but older versions remain vulnerable to malicious servers. Have you updated your wallet?
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US Clarity Act failure could push digital asset business to Asia and the Middle East, Apex Group CEO Peter Hughes warns. The Senate bill that would split crypto oversight between the SEC and CFTC fell short of the 60 votes needed last month. Hughes says Asia, the Middle East and Bermuda are moving faster with the right regimes, while calling Europe's MiCA restrictive.
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XRP Ledger’s fixes are nearly live. Why is lending still waiting?
The overflow flaw may have allowed a few hundred XRP beyond the network’s total supply to become spendable, but developers reported no evidence that anyone exploited it.