CoinDCX denies hack, blames broken clean up job for $16 million outflow
Summary
CoinDCX denied that its active wallets were compromised after on-chain observers reported roughly $16 million in USDT and TRX moving from addresses linked to the exchange. The company said the addresses were compromised in its July 2025 hack and had since been retired, though investigator ZachXBT said at least one continued receiving customer deposits and sending funds to CoinDCX’s current hot wallet as recently as April and May 2026. CoinDCX said some users deposited to deprecated addresses despite warnings, its sweeping system temporarily failed to capture those funds, and affected users were credited. The exchange said current wallets and customer assets remain safe and trading continues.
