CoinDCX Admits $16M Loss Just Days After CEO Denied Fresh Wallet Breach
đ 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.
â ïž 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.
đ° 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.
đ 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.
â ïž 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.
đ° 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.