CoinDCX denies recent $16 million hack, attributing flagged wallets to July 2025 breach

CoinDCX co-founder Sumit Gupta denied a fresh breach involving approximately $15.99 million in Tether (USDT) moving out of platform-tagged wallets, stating these addresses were compromised during the July 2025 hack. However, on-chain investigator ZachXBT stated that one of these deposit addresses was sweeping user funds to CoinDCX’s current hot wallet as recently as May 2026, leading Gupta to acknowledge the point while assuring no user funds would be lost. The initial alert was raised by Darcy of Salus on October 22 regarding a late October 21 outflow totaling roughly 15.99 million USDT and 5,783.81 TRON (TRX) to a single TRON address, which subsequently distributed funds to exchanges including Binance and OKX.