CoinDCX Covers $16M Loss After Automated Wallet Sweeping Process Fails

TL;DR CoinDCX confirmed a loss of 15.99 million USDT after an automated process responsible for transferring deposits failed. The affected wallet belonged to infrastructure compromised during a July 2025 hack that caused approximately $44 million in losses. The exchange will absorb the entire loss and says its users’ funds remain protected in cold wallets. CoinDCX , India’s largest crypto exchange by trading volume, confirmed a loss of 15.99 million USDT after an internal failure prevented deposits from being transferred out of a wallet that had been retired from its infrastructure. The affected address had been compromised during a cyberattack in July 2025, when the platform suffered losses of approximately $44 million .

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.