CoinDCX confirms 15.99 million USDT loss after CEO said breach alert may have been a false positive

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CoinDCX confirmed on October 25 that the platform lost 15.99 million USDT after its automated sweeping service temporarily failed; the service was originally responsible for transferring funds deposited into retired wallets to active wallets. CoinDCX said it has compensated the affected deposits and that trading and withdrawals are proceeding as usual. Bitquery records show that the funds came from 40 wallets associated with CoinDCX; Tether froze 2.21 million USDT in 9 wallets on October 22.