Indian crypto exchange CoinDCX has confirmed that 15.99 million USDT was stolen from wallets it retired after its July 2025 breach, days after CEO Sumit Gupta suggested on X that the theft reports were a false alarm. The exchange said some users kept sending deposits to the old addresses, and an automated system meant to move those funds to safe wallets stopped working for a period. The money built up in the exposed wallets and was drained in a single attack. CoinDCX said it will absorb the loss and that customer funds are safe. The latest incident brings its total losses from both breaches to about $60 million. On-chain investigator ZachXBT, who disputed the earlier denials, has advised users to withdraw their assets.

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