India’s top crypto exchange CoinDCX rejects hack claims after $16 million in USDT transfers reported
Photo: Crypto Briefing
CoinDCX's denial highlights the ongoing challenges of security and trust in the crypto industry, impacting user confidence and market stability. India’s leading crypto exchange CoinDCX rejected allegations connecting the exchange to reported transfers of approximately 16 million USDT and 5,783 TRX on Oct. 21, stating that the transactions involved previously compromised wallet addresses unrelated to its current operations. The reported activity occurred at 23:35:54 UTC+8, when addresses identified as the exchange’s hot wallet and multiple deposit addresses transferred the assets to a TRON address, according to Darcy, an executive at blockchain security firm Salus.
Source: Crypto Briefing
