CoinDCX Confirms 15.99 Million USDT Loss From Old Wallets
The Indian crypto exchange said it absorbed the loss after earlier saying its current wallets were not breached.
Key Takeaways
- CoinDCX confirmed a loss of about 15.99 million USDT from a deprecated wallet.
- On October 22, 2026 the company had said its current wallets were not breached.
- It said a sweeping service failed for a particular period, so deposits built up in an old address.
- CoinDCX said it absorbed the loss and that customer balances were unaffected.
- In July 2025 it had reported a separate breach of about $44 million.
CoinDCX, the Indian crypto exchange, has confirmed a loss of about 15.99 million USDT from a deprecated wallet. The company said it absorbed the loss itself.
The confirmation came days after CoinDCX had said on October 22, 2026 that its current wallets were not breached. The company now says an automated service that moves deposits to a main wallet failed for a period, so funds built up in a deprecated address.
CoinDCX wallet loss at a glance
| Detail | CoinDCX |
|---|---|
| Loss | About 15.99 million USDT |
| Where it happened | A deprecated wallet |
| Cause given by the company | An automated sweeping service failed for a particular period |
| Who bears the loss | CoinDCX said it absorbed the loss |
| Earlier statement | On October 22, 2026, the company said its current wallets were not breached |
How the sweeping failure left funds in an old CoinDCX address
CoinDCX said customers kept sending deposits to older addresses, and the exchange credited those deposits to user accounts when they arrived. A sweeping service was meant to forward such funds to a primary wallet. The company said that service failed for a particular period, and balances piled up in the deprecated wallets.
The company attributed the problem to unknown flaws in its old wallet infrastructure. It said customer balances and active systems were unaffected.
What CoinDCX does and how this loss sits beside its 2025 breach
CoinDCX is an Indian crypto exchange where users buy, sell and hold digital assets. It has reported two losses since July 2025. The first came in July 2025, when it reported a security breach worth about $44 million. The second is the deprecated wallet loss of about 15.99 million USDT confirmed on October 25, 2026.
The new loss is smaller than the 2025 one. CoinDCX has not said how long the sweeping failure lasted, and the reports on the confirmation do not give that detail either.
What CoinDCX has reported so far, in order
| When | What happened |
|---|---|
| July 2025 | CoinDCX reported a security breach with a loss of about $44 million |
| October 22, 2026 | The company said its current wallets were not breached, after reports of large transfers from wallets linked to it |
| October 25 to 26, 2026 | Outlets reported that CoinDCX had confirmed a loss of 15.99 million USDT from a deprecated wallet |
CoinDCX says it absorbed the loss
The exchange said the loss was absorbed by the company. It did not publish how long the sweeping failure lasted, according to the reports on the confirmation.
Where CoinDCX stands after confirming the wallet loss
CoinDCX has confirmed a loss of about 15.99 million USDT from a deprecated wallet, following its October 22 statement that current wallets were not breached. The company has said the loss was absorbed by CoinDCX and that customer balances and active systems were unaffected. In July 2025, it had reported a separate breach of about $44 million.
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Frequently Asked Questions
What is CoinDCX?
How much did CoinDCX lose from the old wallet?
What did CoinDCX say on October 22, 2026?
How did the CoinDCX loss happen?
Who is bearing the CoinDCX loss?
How did CoinDCX describe the cause of the failure?
Were CoinDCX customer balances affected?
How did deposits reach the old CoinDCX address?
How large was CoinDCX's earlier breach in July 2025?
When did CoinDCX confirm the wallet loss?
Did CoinDCX say how long its sweeping service had failed?
How does CoinDCX's new loss compare with its 2025 loss?
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