CoinDCX pledges no user losses after $16M transfers draw scrutiny
CoinDCX tied the transfers to wallets compromised in July 2025, but investigators said the addresses remained linked to its operations.
CoinDCX tied the transfers to wallets compromised in July 2025, but investigators said the addresses remained linked to its operations.
Indian cryptocurrency exchange CoinDCX denied a new security breach after analysts flagged suspicious transfers, but investigators questioned its claim that it stopped using the wallets after a July 2025 hack.
The flagged transactions involved old wallets created in January 2025, which were “compromised in July 2025” and have not been used by the exchange since, CoinDCX said Thursday on X.
“Yes, aware of that. We’re investigating it further, and will share an update soon,” responded Sumit Gupta, CEO of CoinDCX. “We assure that no user funds will be at loss.”