Exchanges
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CoinDCX denies new breach after $16M transfers draw scrutiny
Image: CointelegraphCoinDCX denied a new security breach after analysts flagged about $16 million in transfers from wallets tied to the exchange. The exchange said the wallets were created in January 2025, compromised in July 2025, and unused since. Blockchain investigator ZachXBT disputed that, saying at least one address remained active for about 10 months after the July 2025 incident. CEO Sumit Gupta said no user funds will be at a loss. CoinDCX lost $44 million in the July 2025 hack.
Key points
- CoinDCX denied a new security breach after analysts flagged about $16 million in transfers from wallets tied to the exchange.
- CoinDCX said the wallets were created in January 2025, compromised in July 2025, and not used since.
- CoinDCX lost $44 million in a July 2025 hack and said customer wallets were separate from the affected account.
- CEO Sumit Gupta said no user funds will be at a loss.
Why it matters
The dispute centers on whether wallets CoinDCX called retired kept receiving user deposits after a prior hack. The exchange says user funds are secure, while the investigator's claim raises questions about those deposits.
What's unclear
CoinDCX says the flagged wallets were not used after July 2025, while ZachXBT says at least one address remained active for about 10 months.
It is not confirmed whether any user deposits sent to the flagged address are unaccounted for.
Sources · 2 publishers
Crypto Briefing
Tier 2
CoinDCX pledges no user losses after $16M transfer scrutiny
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
