Hacking News
CoinDCX Absorbs $16 Million Loss from Internal Process Failure
CoinDCX, India's largest crypto exchange, has absorbed a $16 million loss due to an internal process failure involving a retired wallet. The exchange initially dismissed reports of suspicious outflows as a false alarm, but later acknowledged the loss. The incident occurred after a compromised wallet was used to move user deposits into the exchange's current public hot wallet, leading to a loss of 15.99 million USDT. The exchange deprecated the compromised wallet following a security incident in July 2025, but some users continued to deposit funds into the retired address, causing the loss.