Darcy Flags $16 Million Transfer From CoinDCX Hot Wallets

An on-chain investigator identified as Darcy flagged a transfer of about 15.99 million Tether (USDT) and 5,784 TRON (TRX) from CoinDCX hot wallets to a single TRON address on Oct. 21, raising the possibility of a $16 million security breach at one of India’s largest crypto exchanges. The suspected $16 million figure is tied to the USDT transfer; the on-chain movement alone does not confirm a final loss. The additional 5,784 TRX was transferred at the same time, and Darcy’s tracing showed the assets later reaching Binance, OKX and Gate.