CoinCDX denies hack as researchers trace outflows to former hot wallets

On-chain data showed suspicious transactions from a wallet linked to the CoinCDX exchange. Over $15M in stablecoins were moved from the wallet, which was exposed in an earlier breach in 2025. The Indian crypto exchange CoinCDX is in the midst of a theft investigation. On-chain data linked a sudden outflow of funds from a wallet previously known to belong to the exchange. The exchange denies that the wallet is currently under its control, claiming it was falsely flagged on Arkham Intelligence. ‘ The addresses tagged by Arkham used to belong to CoinDCX before the last year hack ie July 2025. These addresses were generated in Jan 2025 and were compromised in the previous hack in July 2025.

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