CoinDCX Admits $16M Loss Just Days After CEO Denied Fresh Wallet Breach
Key Highlights CoinDCX confirmed a loss of 15.99 million USDT linked to old, deprecated operational wallet infrastructure with previously undetected vulnerabilities. An automated sweeping mechanism failed to move incoming user funds into current secure storage, allowing user deposits to gather in the obsolete wallet. CoinDCX absorbed the entire loss, affirming that customer accounts, live trading ...