Hacking News
CoinDCX Admits $16 Million Loss After Wallet Hack
Indian crypto exchange CoinDCX has confirmed a loss of approximately $16 million due to a wallet infrastructure attack. The exchange, based in Mumbai, reported that 15.99 million USDT was drained from wallets it had retired after a $44 million hack in July 2025. The incident occurred on October 21, and the exchange has absorbed the loss itself, stressing that customer funds remain safe. The loss brings the exchange's total losses to nearly $60 million, compounded by the earlier hack. The incident highlights the ongoing risks associated with digital asset trading and the importance of robust security measures.