Old wallet addresses trap CoinDCX users, triggering potential losses
CoinDCX said a failed process for sweeping deposits from wallet addresses retired after its July 2025 security incident caused operational losses. Some users continued sending crypto to the old addresses, and the exchange said it credited affected customer wallets, though it did not disclose the loss amount or how long the process had failed. The statement followed blockchain investigator ZachXBT’s allegation that $15.8 million in deposits was unaccounted for. CoinDCX initially denied a new breach and said the activity was unrelated to its current wallets. On-chain records confirm a 15.8 million USDT transfer from one flagged address, but do not establish who controlled the addresses or whether customers lost funds. CoinDCX said customer assets remained in segregated cold wallets and trading continued normally.
