CoinDCX Confirms $15.99 Million USDT Loss After Automated…
By Karthik Subramanian
AI summary of the source article
CoinDCX confirmed losing 15.99 million USDT after an automated sweeping system failed to transfer customer deposits out of previously compromised wallet infrastructure. The exchange absorbed the entire loss, stating that customer balances and trading systems remain unaffected.
Why it matters
For cryptocurrency exchanges, the incident highlights the risks of maintaining recovery services connected to previously compromised infrastructure.
Key facts
- CoinDCX lost 15.99 million USDT due to a failed automated sweeping service on retired wallet infrastructure.
- The exchange absorbed the full $15.99 million loss, keeping customer balances and trading operations unaffected.
- The affected addresses had been deprecated following a July 2025 breach that previously cost the exchange about $44 million.
Source excerpt · FinanceFeeds
Indian cryptocurrency exchange CoinDCX has confirmed losing 15.99 million USDT, approximately $16 million, after an automated system failed to transfer customer deposits out of wallet infrastructure compromised during a previous security breach. The disclosure, published October 25, 2026, follows several days of scrutiny from blockchain investigators who identified suspicious transfers from addres…