Indian crypto exchange CoinDCX has admitted losing 15.99 million USDT (about $16 million) on Oct. 21 in an incident involving its wallet infrastructure, after an internal process failed to sweep customer deposits out of wallets it had retired following a 2025 hack. The admission reverses CEO Sumit Gupta's earlier claim that the reports were a 'false alarm' and that the wallets had not been breached. The company said it has absorbed the loss itself and that customer funds remain safe. Together with the roughly $44 million hack in July 2025, the exchange's losses across the two incidents now total nearly $60 million.
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BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
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