CoinDCX denies new breach after $16M transfers flagged

CoinDCX denied a new security breach after investigators flagged transfers of about $16 million in cryptocurrency from addresses identified as belonging to the Indian exchange. The reported transactions do not independently establish that the funds were stolen or that customers suffered losses. Blockchain investigator Darcy reported that approximately 15.99 million USDT and 5,783.81 TRX moved from the addresses to a TRON address on October 21. Darcy said the addresses included a hot wallet and several deposit addresses associated with CoinDCX. The receiving address then distributed funds across multiple wallets, according to the investigator’s account. CoinDCX said in an October 22 statement that the addresses were created in January 2025, compromised during its July 2025 security incident and no longer used by the exchange. The company characterized claims linking the activity to its current operations as misleading and said customer funds were safe. It also said trading and investing continued as usual. The exchange’s explanation was challenged by blockchain investigator ZachXBT, who said at least one deposit address continued handling deposits and interacting with CoinDCX’s...