CoinDCX faces fresh scrutiny over $16M crypto transfers – What happened?

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On October 21, 2026, approximately 15.99 million USDT and 5,784 TRX were reportedly transferred from addresses previously associated with CoinDCX to a single TRON wallet and then routed to deposit addresses linked to Binance, OKX, and Gate. Co-founder Sumit Gupta rejected that version, saying CoinDCX’s active wallets had not been compromised and the transactions involved previously compromised addresses. He stated that the TQKJQ address had been deprecated following the $44 million hack in July 2025, while the exchange said it had absorbed the operational losses and kept customer assets in segregated cold storage. On-chain investigator ZachXBT challenged this explanation, citing recent activity on the address and calling on users to withdraw their funds. Separately, Indian exchange SunCrypto reported server-side technical issues that temporarily made its app unavailable and assured users that their funds remained safe.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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