CoinDCX admits Rs 152 crore loss after CEO dismissed breach claims
CoinDCX confirmed on October 25 that it had lost 15.99 million USDT from a deprecated wallet linked to a cyberattack, after denying breach claims three days earlier. The company attributed the loss to failures in its automated sweeping service and vulnerabilities in old wallet infrastructure. This is the exchange's second major breach in recent years; a July 2025 incident cost the company approximately Rs 368 crore. The breach was publicly disclosed by a cybersecurity researcher before CoinDCX's official acknowledgment, during which the CEO dismissed the claims as a false alarm.
Key points
- Rs 152 crore loss from deprecated wallet after initially denying breach
- Second major cyberattack for CoinDCX; July 2025 breach was 2.4x larger
- Automated fund-transfer service failed due to unknown vulnerabilities in old infrastructure
- Breach publicly exposed by third-party cybersecurity researcher, not disclosed by company
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. MediaNama did the reporting; read the original for the full story.
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