CoinDCX Confirms $16 Million USDT Loss from Retired Wallets Days After CEO Called Breach Reports a False Alarm
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CoinDCX absorbs a $16M USDT loss from deprecated wallets after an automated sweeping failure, reversing the CEO’s initial false alarm claim. Indian cryptocurrency exchange CoinDCX has confirmed it lost 15.99 million USDT , or about $16 million , from deposit wallets it had retired following a major hack last year, according to an official blog update published this weekend. The disclosure comes days after co-founder and CEO Sumit Gupta told users on X that early reports of suspicious outflows sounded like “a false alarm.” CoinDCX said it noticed unusual activity on Oct.
Source: Cryptopress
