Another day, one other exploit, and this time CoinDCX, one of many greatest cryptocurrency exchanges in India, is going through scrutiny after suspicious actions involving wallets beforehand linked to the trade. According to Darcy (an on-chain investigator), CoinDCX was linked to a suspected $16 million safety incident.
On the twenty first of October, 2026, roughly 15.99 million USDT and 5,784 TRX have been transferred from addresses beforehand related to CoinDCX to a single TRON pockets.
In this, the biggest transaction concerned 15.82 million USDT, after which the funds have been break up and routed to deposit addresses linked to Binance, OKX, and Gate.
CoinDCX’s co-founder stirs the pot
However, issues turned heated when CoinDCX co-founder Sumit Gupta denied that the trade’s energetic wallets had been compromised. He described the transactions as hackers reusing compromised addresses from the earlier incident.
Thanks for highlighting however that is incorrect and CoinDCX wallets usually are not breached. Pls don’t unfold rumours.
Gupta added,
We have checked all the current CoinDCX central and person addresses. None of them have despatched cash to those outdated addresses.
Additionally, co-founder Gupta issued an updated statement explaining that the flagged addresses, together with the TQKJQ pockets, had been ‘deprecated’ following the July 2025 exploit.
CoinDCX mentioned it had absorbed the operational losses and credited all affected customers. They additionally famous that their buyer belongings remained protected in segregated chilly storage.
However, blockchain investigator ZachXBT challenged this rationalization and introduced on-chain proof for a similar.
ZachXBT calls CoinDCX founders ‘clowns’
According to ZachXBT, the handle remained energetic with a liquidity supplier, repeatedly processed person deposits, and interacted with a present CoinDCX scorching pockets as just lately as April and May 2026.
Remarking on the identical, the pseudonymous blockchain investigator added,
Withdraw all funds from CoinDCX should you worth your belongings. Its co-founders are clowns working a circus.
Naturally, these findings have raised questions on whether or not the addresses ought to genuinely be thought of inactive. They have additionally sparked considerations over whether or not roughly $15.8 million in belongings had truly gone lacking.
What’s extra to this?
Needless to say, this isn’t the primary time CoinDCX has been attacked. Back in July 2025, the crypto trade had already suffered a $44 million hack.
Interestingly, whereas this CoinDCX exploit was making headlines, SunCrypto, one other crypto trade of India, reported server-facet technical points which have quickly made its app unavailable.
Now, whereas its crew is working to revive companies as quickly as attainable, the trade assured customers that their funds stay protected and safe.
Final Summary
- Darcy alleged that CoinDCX was suspected of the switch of roughly 15.99 million USDT and 5,784 TRX.
- But CoinDCX co-founder Sumit Gupta rejected claims of the trade’s energetic wallets being compromised.
