Crypto exchange CoinDCX ‘lying’ about $16M hack, say blockchain investigators

On Thursday morning, blockchain investigator “Darcy” flagged suspicious movements totalling $16 million on addresses suspected to be associated with crypto exchange CoinDCX. Shortly afterwards, CoinDCX co-founder Sumit Gupta thanked the researcher, who works for security firm Salus, but insisted that the attribution was “incorrect,” urging Darcy “don’t spread rumours.” A number of on-chain sleuths have since taken issue with CoinDCX’s statements, with “SpecterAnalyst” flatly accusing the firm and its co-founder of “lying.” A later update from the exchange’s official X handle then stated that “the transactions mentioned in recent claims involve old wallet addresses created in January 2025.