CoinDCX confirms $16M loss after CEO called reports a ‘false alarm’
India’s largest crypto exchange says an internal sweeping failure left funds exposed in wallets retired after 2025 hack
CoinDCX, India’s largest crypto exchange by trading volume, has confirmed it lost $15.99 million after an internal process failed to move customer deposits out of wallets it had retired following a 2025 hack, contradicting CEO Sumit Gupta’s earlier insistence that reports of suspicious outflows were a 'false alarm.'