CoinDCX Hit by $15.99M Crypto Hack, Tether Steps In to Freeze Funds
4 outlets · first seen 1d ago · latest 22h ago
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Blockonomifirst seen
CoinDCX Hit by $15.99M Crypto Hack, Tether Steps In to Freeze Funds
TLDR CoinDCX lost about 15.99 million USDT after funds were taken from an old wallet it stopped using in 2025. The exchange says it will cover the full loss and that customer funds are safe. A failed automatic “sweeping” service let deposits build up in the old wallet. Tether blacklisted linked wallets, and about $2.2 million has been frozen. CoinDCX…
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Decrypt
India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.
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Bitcoin News
Indian Exchange CoinDCX Admits $16M Hit After CEO Dismissed Suspicious Transfers
CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed. CoinDCX says it absorbed the losses and customer balances remain safe, but blockchain investigators […]
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CryptoSlate
CoinDCX’s $16 million loss revives uncomfortable memories of FTX and Celsius
CoinDCX confirmed a loss of roughly $16 million USDT three days after its CEO, Sumit Gupta, disputed reports of a new wallet breach, calling them a false alarm. It had acknowledged unspecified operational losses from a failed sweeping process on the afternoon of Oct. 22, so the reversal came in two steps, and the full…