CoinDCX reports $15.99 million loss tied to retired wallet

CoinDCX said a failed internal process allowed deposits sent to a retired wallet to accumulate, leaving the exchange to absorb a $15.99 million loss. It said customer balances and active systems were unaffected.

• CoinDCX said it absorbed a loss of $15.99 million USDT after a service failed to move deposits from a retired wallet into its primary wallet.· 1 source
• The wallet had been compromised in a July 2025 security incident and was later retired, but some users continued sending deposits to its addresses.· 1 source
• CoinDCX initially said reported outflows were unrelated to its current operations; it later connected the activity to its old wallet infrastructure.· 1 source
• The exchange said customer balances, active wallets and trading systems were unaffected, and that it could have disclosed the incident sooner.· 1 source
• The report did not establish who was responsible for the irregular movement of funds or how it occurred.· 1 source