CoinDCX Hack Today [LIVE] Updates: Was India’s Crypto Exchange Breached Again?

CoinDCX Hack Today: Exchange Blames Failed Sweep On Deprecated Wallets For Losses

CoinDCX said the suspicious activity on its TQKJQ wallet came from deposit addresses that were compromised in its July 2025 security breach and later retired. According to the exchange, some users kept sending crypto to these old addresses despite repeated warnings. CoinDCX said it runs a regular process to sweep such deposits into secure wallets, but the process failed for a period of time. The fault was spotted on Thursday morning. The exchange said the failure caused operational losses, which it has absorbed in full. CoinDCX did not disclose the size of the loss. Its statement follows claims by on-chain researchers that about $8.9 million in USDT linked to its wallets had moved to other exchanges.

CoinDCX Hack Today: Researcher Traces $8.9 Million In USDT To Binance, OKX And Gate

A blockchain security researcher has questioned CoinDCX’s account of the incident, alleging that either the exchange was breached or the funds were moved from inside. The researcher said CoinDCX hot wallet TFLxNH, which appears in the exchange’s latest proof-of-reserves report, kept sending routine 15 TRX gas payments both before and after the reported hack. The researcher also pointed to transfers from reserve-listed wallets to a suspected attacker address. About 8.93 million USDT has been traced to major exchanges, including 5.47 million to OKX, 2.02 million to Binance and 1.39 million to Gate, plus 50,000 USDT to another destination. Part of the funds also reached addresses linked to Huione and Xinbi, marketplaces tied to money laundering. None of the claims have been independently verified.

CoinDCX Hack Claims: On-Chain Investigator Says Wallet Activity Shows Signs Of Compromise

An on-chain investigator has accused Indian crypto exchange CoinDCX and its co-founder of misrepresenting recent wallet activity, alleging that blockchain data points to stolen funds. The investigator said a CoinDCX deposit address on Tron, beginning with TQKJQ, had for a long time sent funds only to the exchange’s hot wallet. That pattern changed suddenly when several CoinDCX-linked wallets, including TQKJQ, were swept into a single address. The receiving wallet then began splitting funds, swapping assets and routing money through over-the-counter services, behaviour the investigator described as a typical sign of a compromised wallet. The claims have not been independently verified. CoinDCX previously lost about $44 million in a July 2025 breach of an internal operational account.

CoinDCX Hack Claims Face New Scrutiny After TRON Wallet Analysis

Fresh on-chain claims have challenged CoinDCX’s explanation of the suspected $16 million incident reported on October 21. The latest analysis alleges that 15.819 million USDT moved from a CoinDCX deposit address to a single TRON wallet before being split across Binance, OKX, Gate and other destinations. It also claims that addresses listed in CoinDCX’s proof of reserves interacted with the receiving wallet. The analysis describes the transfers as a possible compromised-wallet pattern, contradicting the exchange’s claim that the addresses were linked to its July 2025 hack. CoinDCX has said its current wallets remain secure and that no user funds were lost. The allegations remain disputed, and the transactions alone do not establish a new hack.

CoinDCX CEO Denies Fresh Hack Claims, Calls Reports a False Alarm

CoinDCX CEO Sumit has denied reports of a fresh $16 million hack, saying the exchange’s current wallets have not been breached. He explained that the addresses flagged by Arkham belonged to CoinDCX before the July 2025 hack. According to Sumit, these wallets were created in January 2025 and compromised during last year’s incident. He suggested that hackers may be reusing the old addresses. Sumit said the team checked current exchange and user addresses and found no transfers to the flagged wallets. He added that the investigation is ongoing, with more details expected through CoinDCX’s official channels.

CoinDCX Faces Suspected $16 Million Crypto Theft

CoinDCX is facing fresh security concerns after on-chain investigator Darcy reported suspicious transfers totaling around $16 million on October 21. At 23:35:54 UTC+8, approximately 15.99 million USDT and 5,783.81 TRX were transferred from the exchange’s hot wallet and multiple deposit addresses to a single TRON address. The largest transaction involved 15.82 million USDT. According to Darcy, the funds were later split across multiple addresses before reaching deposit addresses linked to Binance, OKX, Gate and other platforms. The suspected theft has not been officially confirmed by CoinDCX.

CoinDCX Hack Faces Fresh Questions Over $15.8 Million in User Deposits

On-chain investigator ZachXBT has raised questions about CoinDCX’s handling of user deposits following its July 2025 security breach. He claimed that deposit address TQKJQ continued operating for a liquidity provider for 10 months after the incident, with user deposits and gas transfers recorded as recently as April and May 2026. ZachXBT questioned why around $15.8 million in user deposits appeared unaccounted for, raising concerns about transparency at Indian crypto exchanges. However, these claims have not been independently verified, and the latest suspected incident has not been officially confirmed by CoinDCX.

CoinDCX Faces Suspected $16 Million Hack After 2025 Breach

India-based crypto exchange CoinDCX may have suffered another security breach after around $16 million in crypto was transferred from its wallets on October 21, according to on-chain investigator Darcy. The transfers included 15.99 million USDT and 5,784 TRX, which were moved to a single TRON address before being split and sent to deposit addresses at Binance, OKX and Gate. CoinDCX previously suffered a $44 million hack in July 2025. The latest suspected theft has not been officially confirmed by the exchange.

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