CoinDCX Confirms $16M Loss After CEO Called It a False Alarm
CoinDCX, one of India’s largest crypto exchanges, has confirmed it lost about $16 million, reversing its chief executive’s earlier insistence that reports of a breach were a false alarm. Abou
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AnonymousCryptoCompass newsroom
October 26, 2026
1 min read
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CoinDCX, one of India’s largest crypto exchanges, has confirmed it lost about $16 million, reversing its chief executive’s earlier insistence that reports of a breach were a false alarm.
About 15.99 million USDT was drained on the Tron network on 21 October. CoinDCX said an internal process meant to move customer deposits out of retired wallets had failed. Those wallets dated back to the exchange’s 2025 hack.
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