CoinDCX Covers $16M Loss After Automated Wallet Sweeping Process Fails
Photo: Crypto Economy
TL;DR CoinDCX confirmed a loss of 15.99 million USDT after an automated process responsible for transferring deposits failed. The affected wallet belonged to infrastructure compromised during a July 2025 hack that caused approximately $44 million in losses. The exchange will absorb the entire loss and says its users’ funds remain protected in cold wallets. CoinDCX, ... Read more
Source: Crypto Economy
