CoinDCX Denies $16 Million Hack, Tracing Flagged Wallets to Its 2025 Breach

CoinDCX co-founder Sumit Gupta initially denied a fresh breach at the Indian crypto exchange. A security researcher had flagged about $15.99 million in Tether (USDT) moving out of wallets tagged to the platform. Gupta said the addresses belonged to CoinDCX before its July 2025 hack and were compromised in that attack. However, on-chain investigator ZachXBT later said one of those deposit addresses was still sweeping user funds to CoinDCX’s current hot wallet as recently as May 2026. Gupta acknowledged the point and said no user funds would be lost. A $15.8 Million Transfer Sets Off the Alarm Darcy, chief marketing officer at security firm Salus, raised the alert on X on October 22.

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