CoinDCX pledges no user losses after $16M transfers draw scrutiny
Summary
CoinDCX denied a new security breach, saying suspicious transfers involved wallets compromised in its July 2025 hack and no longer used. Investigator ZachXBT disputed this, alleging a deposit address remained active for 10 months afterward, forwarding user deposits to the exchange’s current hot wallet and receiving fee funds. CEO Sumit Gupta said the exchange was investigating and promised users would not lose funds. Another investigator flagged about $16 million in transfers from addresses attributed to CoinDCX and said two proof-of-reserves addresses had sent funds to a flagged Tron address. CoinDCX suffered a $44 million hack in July 2025 and said it would cover the loss from its treasury.
