CoinDCX denies active wallet compromise amid $16 million suspicious outflow flags

CoinDCX, India's largest crypto exchange, denied that its active wallets were compromised after blockchain analysts flagged about $16 million in suspicious outflows of USDT and TRX. The exchange stated the transactions involved old wallet addresses compromised in July 2025 and not its current active wallets. However, investigator ZachXBT claimed at least one of those addresses remained in use, receiving deposits and interacting with CoinDCX's current wallet into 2026. CoinDCX acknowledged operational losses from a temporary deposit movement failure, which it covered by crediting affected users.