Hacking News
CoinDCX Confirms $16M Loss After Failed Wallet Sweeping System
CoinDCX, a prominent cryptocurrency exchange, has confirmed a $15.99 million loss due to a failed automated wallet sweeping system. The system was supposed to move customer deposits from old wallets to safer ones, but it failed to do so, exposing the funds to further risks. The loss occurred during the exchange's July 2025 hack, and the compromised wallets were used by the hackers of the previous incident. Customer balances remain unaffected, and the active wallets and trading system continue to function as usual.