CoinDCX Admits Losses From Old Wallet Deposits, Denies Breach Of Active Wallets
The crypto exchange confirmed that some users continued depositing funds into old, compromised addresses despite notifications to use updated ones. CoinDCX's automated process to move these deposits to secure cold wallets failed for a period, resulting in operational losses that the company absorbed. The exchange stated all affected deposits were eventually credited and that its active central and user wallets remained unaffected. No specific loss amount or failure duration was disclosed. Blockchain investigator Darcy had flagged concerning transfers, prompting CoinDCX's clarification.
Key points
- CoinDCX admitted operational losses from failed deposit sweep process
- Losses from compromised addresses, not current active wallets
- Users continued using old addresses despite notification of compromise
- All affected deposits were credited; active wallets remain secure
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