Breaches and incidentsBriefConfirmed by two or more outlets
CoinDCX: 15.99M USDT lost from wallets compromised in its July 2025 hack
21 Oct 2026: analysts flagged about 15.99M USDT moving from a CoinDCX-linked wallet.
- Disclosed
What happened
- 21 Oct 2026: analysts flagged about 15.99M USDT moving from a CoinDCX-linked wallet. The CEO first called it a possible false alarm. CoinDCX later confirmed it absorbed a 15.99M USDT loss.
- Root cause per CoinDCX: users kept depositing to addresses compromised in the July 2025 incident. CoinDCX “sweeps” those addresses, and that sweep process failed for a period, so funds accumulated and were taken. ZachXBT disputed that the wallet was retired, saying it was still sweeping user deposits in April and May 2026.
- Attribution: none stated.
- Response: CoinDCX says all affected deposits were credited and the loss was absorbed from its own reserves. A USD 2.2M Tether freeze is reported by one outlet only.
Sources
- https://inc42.com/?p=577562
- https://decrypt.co/381834/india-coindcx-confirms-16-million-loss-ceo-called-false-alarm
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