CoinDCX admits 15.99M USDT loss after denying breach

India-based crypto exchange CoinDCX confirmed it lost 15.99 million USDT (about Rs 152 crore) from a deprecated wallet after its automated sweeping service failed due to unknown vulnerabilities. The company absorbed the loss, days after CEO Sumit Gupta dismissed breach reports as a "false alarm."

• Loss totaled 15.99 million USDT, roughly Rs 152 crore
• Automated sweeping failed in deprecated wallet infrastructure
• CEO initially denied the breach and called reports rumors
• A July 2025 breach cost the exchange about $44.2 million