CoinDCX Absorbs Losses, Credits Users After Failed Sweep of Hacked Deposit Addresses
By Unchained
AI summary of the source article
CoinDCX credited customer accounts and absorbed operational losses after the routine sweep of deprecated deposit addresses failed. The exchange confirmed customer assets remain in segregated cold wallets and assured that no user funds will be lost.
Key facts
- CoinDCX absorbed operational losses after sweeps of deprecated deposit addresses failed for a period.
- Blockchain records showed 15,819,002 USDT moved from a flagged address on Oct. 21.
- CoinDCX co-founder Sumit Gupta assured that no user funds would be lost.
Source excerpt · Unchained
The Indian exchange said the routine sweep of deposits landing on addresses it deprecated after its July 2025 hack broke down, and that it absorbed the losses. The post CoinDCX Absorbs Losses, Credits Users After Failed Sweep of Hacked Deposit Addresses appeared first on Unchained .