CoinDCX confirmed that unusual activity detected on October 21 resulted in a loss of 15.99 million USDT, which the company absorbed. The platform identified vulnerabilities in deprecated wallet infrastructure and the failure of an automated sweeping service, leaving customer funds deposited on obsolete addresses untransferred. Active wallets, trading systems, deposits, and withdrawals continued to operate normally, and customer balances were fully accounted for. The October 25 statement came three days after CEO Sumit Gupta said CoinDCX wallets had not been breached and suggested that roughly $16 million in flagged transfers could involve the reuse of addresses compromised during the July 2025 hack.
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