Onchain Lens Questions CoinDCX Wallet Flows After Security Dispute

Onchain Lens has questioned CoinDCX’s handling of user deposits after an alleged security incident, saying deposits entered a wallet left out of the related funds accounting and nearly the same value later moved out. The group said some transfers passed through less commonly used entry points and services for cross-chain bridges. It also alleged that funds suspected of links to CoinDCX hot wallets moved through over-the-counter (OTC) services and a mixer. Onchain Lens said CoinDCX continued to deny that a security event occurred, even after researchers and onchain investigators presented evidence.