CoinDCX rejected hacking allegations over reported transfers of approximately 16 million USDT and 5,783 TRX on October 21. The exchange said the transactions involved wallet addresses compromised in July 2025 and no longer used, rather than its current operations. The funds were subsequently split across multiple wallets, with some flows reaching deposit addresses associated with Binance, OKX, Gate and other exchanges. CoinDCX previously disclosed losing approximately $44 million in a July 2025 attack on an internal wallet, while a software engineer was reportedly arrested during the investigation without his role being officially established.
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