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Security & Hacks · 1 min read

CoinDCX Acknowledges Wallet-Sweeping Losses Following Breach Denial

The exchange credited user deposits after an unauthorized wallet-sweeping incident but left the total loss figure undisclosed.

Editorial oversight: Julian Mercer, Chief Editor
Bearish
$BTC $81,479 −0.7% $ETH $2,399 −1.2%

At a glance

What happened
CoinDCX acknowledged wallet-sweeping losses after initially denying a new breach, noting affected deposits were credited.
Why it matters
The exchange confirmed customer deposits were honored, but the total scale of the platform's financial loss remains unrevealed.
Who is affected
CoinDCX and platform depositors whose balances were targeted in the wallet sweep.
What's next
No next step announced.
Primary source
thedefiant.io: CoinDCX Acknowledges Wallet-Sweeping Losses After Denying New Breach

Key points

  • CoinDCX acknowledged financial losses from an unauthorized wallet-sweeping event after previously denying a new breach 1.
  • The exchange confirmed that affected user deposits were credited, though overall corporate losses remain undisclosed 1.
  • The incident follows prior denials by leadership after on-chain alerts flagged tens of millions in unusual wallet transfers 1.

CoinDCX has confirmed financial losses stemming from a wallet-sweeping incident, reversing its earlier stance after initially denying reports of a security breach 1. The exchange affirmed that affected deposits were credited to users, though it has not disclosed the full magnitude or total value of the assets lost 1.

Wallet Activity and Disclosure

The admission follows heightened attention surrounding unauthorized movements across addresses linked to the platform 1. Blockchain investigators had previously raised warnings after detecting substantial asset transfers from suspected compromised infrastructure, as covered in CoinDCX Faces Scrutiny From Sleuths Over $16M Transfer From Compromised Wallets. While a CoinDCX co-founder had previously rejected claims of a new hack, the latest acknowledgment confirms that funds were systematically swept from targeted wallets 1.

Despite confirming the sweep and taking steps to reimburse customers by crediting user deposits, CoinDCX has remained silent on the exact accounting of its corporate losses 1. The firm has not released a comprehensive post-mortem or clarified the total balance drained during the incident 1. At the time of writing, broader digital asset markets were marginally softer, with $BTC trading at $81,652 and $ETH down slightly at $2,402.

The incident highlights continuing operational risks for centralized trading platforms managing hot wallet infrastructure. Observers and platform users are now awaiting formal disclosures from CoinDCX regarding the security perimeter breach that enabled the unauthorized wallet sweeps and an audited figure detailing the overall damage 1.

Sources

  1. [1] CoinDCX Acknowledges Wallet-Sweeping Losses After Denying New Breach — thedefiant.io, October 23, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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