CoinDCX CEO Denies New Hack Rumors, Security Researchers Question His Claims

CoinDCX CEO Sumit Gupta denies a fresh hack after $16M in USDT moves from old compromised wallets, assuring users that their funds remain safe. However, security researchers ZachXBT and Taylor Monahan are not buying his claims. CoinDCX CEO Sumit Gupta has dismissed rumors of a fresh hack amid the movement of $16 million in USDT from wallets linked to the platform. While the transfer of this large amount raised concerns of a possible security breach, Gupta stated that the wallets were compromised in the July 2025 hack.