CoinDCX Denies Fresh $16 Million Hack as Investigators…
By Karthik Subramanian
AI summary of the source article
CoinDCX denied allegations of a second major security breach after investigators identified around $16 million in suspicious transfers from platform-linked addresses. The exchange maintained the addresses were abandoned following a July 2025 breach and customer funds remain secure.
Why it matters
The disagreement is significant because continued operational use would complicate the exchange's account of how the addresses were managed following the incident.
Key facts
- Blockchain investigators traced approximately $16 million in suspicious cryptocurrency transfers from CoinDCX-associated addresses on October 21, 2026.
- CoinDCX stated the addresses were abandoned after a July 2025 attack that cost $44.2 million, denying any fresh compromise or customer losses.
- Analysis by Bitquery found that some of the 40 linked TRON wallets continued processing transactions and fee top-ups after the July 2025 incident.
Source excerpt · FinanceFeeds
Indian cryptocurrency exchange CoinDCX has denied allegations of a second major security breach after blockchain investigators identified approximately $16 million in suspicious cryptocurrency transfers from addresses associated with the platform. The disputed transactions occurred on October 21, 2026, involving approximately 15.99 million Tether (USDT) and 5,783.81 TRON (TRX) tokens. The transfer…