REALITY CHECK | Largest Crypto Exchange in India Absorbs Over $15 million Loss from a Retired Wallet

BitcoinKE · 26/10/2026, 08:00:14

India’s CoinDCX said it had absorbed a $15.99 million loss after a failed internal process allowed customer deposits to accumulate in a retired cryptocurrency wallet linked to a $44 million security breach in July 2025. The exchange said some users continued depositing funds into the old addresses despite instructions to use updated wallets. An automated service designed to transfer those deposits to its primary wallets failed for an unspecified period, resulting in the loss. CoinDCX said its active wallets, trading […]