CoinDCX’s old wallet was hacked, losing 15.99 million USDT; the CEO admitted it three days after denying it.
India-based cryptocurrency exchange CoinDCX suffered unauthorized access to its abandoned legacy wallet infrastructure on October 21, resulting in a loss of 15.99 million USDT. Co-founder and CEO Sumit Gupta said on October 22 that related alerts might be a “false alarm.” After on-chain investigator ZachXBT challenged that claim with on-chain records, CoinDCX officially acknowledged the loss on October 25. Why the Abandoned Wallet Held 15.99 Million USDT: A Fund-Sweeping Service Quietly Failed A
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Bisc·10-27 01:53
