CoinDCX Admits $16M Loss Just Days After CEO Denied Fresh Wallet Breach
๐ CoinDCX confirmed a loss of 15.99 million USDT due to compromised wallet infrastructure from a previous security incident, despite earlier claims by CEO Sumit Gupta that wallets were secure.
โ ๏ธ The suspicious activity was detected on October 21, leading to an investigation that revealed vulnerabilities in an old operational wallet, which had not been properly maintained.
๐ฐ The exchange assured users that active wallets and trading systems remained unaffected, and customer balances were fully accounted for, with immediate credits issued for mistaken deposits to deprecated addresses.
๐ CoinDCX confirmed a loss of 15.99 million USDT due to compromised wallet infrastructure from a previous security incident, despite earlier claims by CEO Sumit Gupta that wallets were secure.
โ ๏ธ The suspicious activity was detected on October 21, leading to an investigation that revealed vulnerabilities in an old operational wallet, which had not been properly maintained.
๐ฐ The exchange assured users that active wallets and trading systems remained unaffected, and customer balances were fully accounted for, with immediate credits issued for mistaken deposits to deprecated addresses.