CroSat
altcoinOct 26, 2026AI summary

CoinDCX Confirms $15.99 Million Loss After CEO’s ‘False Alarm’ Remark

Edited by Steinar Vigdel Kolnes, Editor, Oslo

India’s CoinDCX says 15.99 million USDT was taken from retired wallets, pushing losses from two incidents to almost $60 million.

CoinDCX Confirms $15.99 Million Loss After CEO’s ‘False Alarm’ Remark

Mumbai-based crypto exchange CoinDCX has confirmed a loss of 15.99 million USDT, days after its CEO described the situation as a “false alarm,” according to Decrypt.

The exchange said the funds were drained from wallets it had taken out of service following a $44 million hack last year.

The latest disclosure puts combined losses from the two incidents at nearly $60 million. CoinDCX said it would absorb the latest loss.

Source: Decrypt

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