CoinDCX Hack News: Exchange Admits $16M Theft After Earlier Denials
Photo: Coinpedia
Indian crypto exchange CoinDCX has confirmed that 15.99 million USDT was stolen from wallets it retired after its July 2025 breach, days after CEO Sumit Gupta suggested on X that the theft reports were a false alarm. The exchange said some users kept sending deposits to the old addresses, and an automated system meant to move those funds to safe wallets stopped working for a period. The money built up in the exposed wallets and was drained in a single attack. CoinDCX said it will absorb the loss and that customer funds are safe.
Source: Coinpedia
