CoinDCX Hit by $15.99M Crypto Hack, Tether Steps In to Freeze Funds

TLDR CoinDCX lost about 15.99 million USDT after funds were taken from an old wallet it stopped using in 2025. The exchange says it will cover the full loss and that customer funds are safe. A failed automatic “sweeping” service let deposits build up in the old wallet. Tether blacklisted linked wallets, and about $2.2 million has been frozen. CoinDCX plans to tighten controls on old systems and remind users to update deposit addresses. Indian crypto exchange CoinDCX has reported a loss of about 15.99 million USDT after funds were moved out of an old wallet it no longer used.