CoinDCX admits $16 million USDT loss after disputing breach claims

Community Trust Score Verified 94 % Real Verified 36 votes Updated 57 seconds ago CoinDCX confirmed a loss of roughly $16 million USDT on the afternoon of Oct. 22, three days after its CEO, Sumit Gupta, publicly disputed reports of a new wallet breach. Gupta had characterized the initial reports as a false alarm, but the exchange subsequently acknowledged the financial impact of the incident. The confirmation of the specific loss amount marked a shift in the exchange’s public stance. Prior to the Oct. 22 admission, CoinDCX had acknowledged unspecified operational losses.