CoinDCX News: ZachXBT Tells Users To Withdraw All Funds Amid Alleged $16M Loss

Well-known blockchain investigator ZachXBT has told users of Indian crypto exchange CoinDCX to withdraw their money. He accused the exchange’s founders of first denying a roughly $16 million loss and only later admitting it. “Withdraw all funds from CoinDCX if you value your assets,” ZachXBT wrote on X. He called its co-founders “clowns running a circus.” On October 21, on-chain trackers flagged about $15.99 million in USDT moving out of a wallet linked to CoinDCX. The money was split up and sent to deposit addresses on Binance, OKX and Gate. CoinDCX co-founder Sumit Gupta quickly dismissed the reports.