CoinDCX may have been hit by another theft—but this time, the on-chain trail is unusually clear: funds were consolidated, split up, and sent directly to deposit addresses at Binance/OKX/Gate. The entire route was documented by Salus CMO.
The hard numbers: the largest single transfer was 15.819 million USDT, with roughly 15.99 million USDT plus 5,783 $TRX in total. No panic on the price front: $XMR 24h was up 11.5% at $645.2 (an independent price move for a privacy coin), while TRX was flat at $0.330.
Three things to watch now: ① whether the exchanges’ risk-control teams freeze the related deposit addresses—the window to intervene is very short once the funds are split; ② when CoinDCX will officially respond—after last July’s $44M incident, it took 17 hours to speak up; and ③ how the signing process during hot-wallet consolidation was compromised—that’s the real technical question this time. Don’t treat a suspected incident as confirmed; wait for an official response before drawing conclusions.
The hard numbers: the largest single transfer was 15.819 million USDT, with roughly 15.99 million USDT plus 5,783 $TRX in total. No panic on the price front: $XMR 24h was up 11.5% at $645.2 (an independent price move for a privacy coin), while TRX was flat at $0.330.
Three things to watch now: ① whether the exchanges’ risk-control teams freeze the related deposit addresses—the window to intervene is very short once the funds are split; ② when CoinDCX will officially respond—after last July’s $44M incident, it took 17 hours to speak up; and ③ how the signing process during hot-wallet consolidation was compromised—that’s the real technical question this time. Don’t treat a suspected incident as confirmed; wait for an official response before drawing conclusions.