CoinDCX Absorbs Losses, Credits Users After Failed Sweep of Hacked Deposit Addresses

Customers of CoinDCX who kept sending crypto to wallet addresses the exchange deprecated after its July 2025 hack have had their accounts credited, the India-based exchange said on Thursday, Oct. 22, adding that it is covering the resulting losses itself. After hackers drained about $44 million from an internal CoinDCX account in July 2025, CoinDCX says it warned users to stop depositing to the addresses compromised in that breach. Funds that still landed there, it said, were meant to be swept routinely so the exchange could secure them. In the post, CoinDCX said that sweep “failed” for “a particular period,” a problem it said it identified Thursday morning India time. The breakdown “led to some operational losses, which were absorbed by CoinDCX,” the post said.

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