Security · Updated 26 Oct, 05:27 pm IST
CoinDCX confirms $15.99M USDT loss after October wallet breach
Why it matters for readers: It matters because hacks can drain funds even if a company says customer balances are safe, showing crypto system risks.
- CoinDCX reported a loss of 15.99 million USDT following a cyberattack on October 21.1
- The attack affected legacy wallet infrastructure that was previously compromised in a July 2025 incident that caused $44 million in losses.1
- CoinDCX stated it will absorb the financial impact and that customer balances and exchange operations are not affected.1
- The disclosure came after days of disagreement between the exchange and blockchain researchers over suspicious wallet transactions.1
- The October loss involves legacy wallets tied to the earlier July compromise rather than current customer accounts, according to the exchange.1
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