CoinDCX Absorbs Losses from Failed Deposit Sweep from Deprecated Wallet Addresses

Indian crypto exchange CoinDCX stated it absorbed operational losses because the process to collect deposits from old, deprecated wallet addresses failed, crediting affected customers. This followed an allegation by ZachXBT that $15.8 million in user deposits went unaccounted for; a confirmed transfer of 15,819,002 USDT from an address beginning TQKJQ to another TRON address on Oct. 21 confirms token movement but does not prove customer losses or wallet control. CoinDCX CEO Sumit Gupta initially denied a breach, stating flagged addresses were compromised in the July 2025 incident, but later provided an explanation for the operational loss.