CoinDCX confirms a loss of 15.99 million USDT
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Previously, CoinDCX's chief executive said that the intrusion alert received by the platform might have been a false alarm. On October 22, Tether froze 2.2 million USDT in nine wallets associated with CoinDCX. On October 25, CoinDCX confirmed that the platform had lost 15.99 million USDT because its automated sweeping service was temporarily unavailable; the service was originally used to transfer funds deposited into retired wallets to active wallets. Bitquery records show that the funds involved came from 40 wallets associated with CoinDCX. CoinDCX said it had compensated the affected deposits and that trading and withdrawals were proceeding as usual.
AI-written from reports · updated 16 minutes ago
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- CryptopolitanCoinDCX confirms 15.99 million USDT loss after CEO said breach alert may have been a false positive
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.
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