CoinDCX Finally Admits $16M Loss From Retired Wallets

Indian cryptocurrency exchange CoinDCX has confirmed a loss of approximately $16 million after initially dismissing reports of suspicious activity as a false alarm. The Mumbai-based platform, one of India’s largest by trading volume, said 15.99 million USDT was taken from old deposit wallets linked to a previous security incident. The funds moved on the TRON network on October 21, 2026. Blockchain monitors first flagged transfers totalling about 15.99 million USDT along with a smaller amount of TRX from addresses associated with CoinDCX.